JOHANNESBURG (Reuters) – Shoprite Holdings, South Africa’s biggest supermarket retailer, reported on Tuesday a 9.9% rise in half-year earnings, as both upmarket and discount customers stocked up on food during the festive season.
Shoprite, with more than 2,700 stores excluding OK Franchise across 10 African countries, said headline earnings per share from continuing operations rose to 662.3 cents in the 26 weeks ended December 29, up from 602.8 cents.
It declared an interim dividend of 285 cents, up 6.7%.
(Reporting by Nqobile Dludla; Editing by Muralikumar Anantharaman)
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