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Fashion Jobs
By
Reuters
Published
Jan 14, 2016
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South Africa's Woolworths sees surge in H1 profit

By
Reuters
Published
Jan 14, 2016

South Africa's high-end retailer Woolworths expects first-half profit to increase by 25-35 percent year-on-year with sales also forecast to rise, the company said in a trading update on Thursday.


Woolworths, which sells products similar to those of Britain's Marks and Spencer, said that without including the impact of David Jones, whose acquisition was effective in August 2014, group sales grew by 12.3 percent.

Headline earnings per share (EPS) is the main profit measure used in South Africa that strips out certain one-off times.

Woolworths will publish its half year results on Feb. 11.

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