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Shoprite first-half turnover rises 12.5%
Shoprite first-half turnover rises 12.5%

Shoprite first-half turnover rises 12.5%

RETAILER NEWS - Jan 15th 2015, 10:38

Shoprite increased its turnover for the six months ended December 2014 by about 12.5% from the previous comparable period to R57.5bn, the supermarket group said in an operational update on Wednesday, 7 January. 

Growth on a like-for-like basis was 5.1% and the South African supermarket operation increased sales by 12%.

The food division benefited from strong sales in the month of December, which were 13% higher than in the corresponding period a year earlier, the company said.

Shoprite is due to release interim results on February 24.

From DFM Publishers (Pty) Ltd 

Read more about: south africa | shoprite | checkers

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