Advertise with fastmoving.co.za
 
 

Mr Price earnings jump 22%
Mr Price earnings jump 22%

Mr Price earnings jump 22%

FMCG SUPPLIER NEWS

Fin24/ Reuters - Nov 13th 2013, 14:36

Johannesburg - Retailer Mr Price on Tuesday posted interim earnings growth of 22% because of sales growth and said it plans to open over 40 stores in the second half of the year. 

Mr Price said diluted headline earnings per share rose to 283.6 cents for the six months to end September from 232.5 cents last year.

The company's total revenue, which includes retail sales and other income, rose 14.8% to R7.2bn.

Mr Price said it plans to open 43 stores in the second half of the year after opening 12 stores in the first six months. Two of its recently opened stores were in Nigeria, where Woolworths is pulling out.

The firm's shares were up over 2% at 150.24 rand at 14:30, outperforming the Top 40 index which was 0.35% lower.From Fin24.com  

Related News

Italtile plans to open more store despite weak trading conditions
23/08/2019 - 14:56
JSE-listed supplier of ceramic tiles Italtile said it planned to open more stores in South Africa and abroad, despite the subdued economy, which has constrained consumer spending.

Africa’s biggest mall welcomes Ackermans’ 800th store
23/08/2019 - 09:52
One of South Africa’s longest-standing value retailers, Ackermans, opened its 800th store in Africa’s biggest shopping centre Fourways Mall, in the north of Johannesburg.

Tough economy put a chill on Mr Price retail sales
23/08/2019 - 09:24
A tough economic climate has put pressure on Mr Price's fashion retail sales, as customer spending remained constrained, the company said in a trading statement for the first four months of its financial year ended March 28.

LiquorShop extends its low price promise to customers with the opening of its 500th store
23/08/2019 - 08:58
LiquorShop, the Shoprite Group’s chain of stand-alone liquor outlets, marked a major milestone with the opening of its 500th store at the Philippi Plaza Shopping Centre in Cape Town.

Philip Morris expands its retail footprint with first SA store
26/07/2019 - 11:06
Philip Morris South Africa (PMSA), an affiliate of the leading international tobacco company Philip Morris International (PMI), opens its first IQOS flagship store in Sandton City, adding to its current retail footprint of 11 kiosks in leading malls across Gauteng, Western Cape, and Kwazulu-Natal.