{"id":13261,"date":"2012-08-07T14:13:18","date_gmt":"2012-08-07T12:13:18","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/refile-update-1-massmarts-fy-profit-to-miss-expectations\/"},"modified":"2012-08-07T14:13:18","modified_gmt":"2012-08-07T12:13:18","slug":"refile-update-1-massmarts-fy-profit-to-miss-expectations","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/refile-update-1-massmarts-fy-profit-to-miss-expectations\/","title":{"rendered":"REFILE-UPDATE 1-Massmart&#8217;s FY profit to miss expectations"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sees headline EPS 549.4 cents to 579.7 cents<\/p>\n<p><span><\/span><\/p>\n<p>* Shares fall more than 5 percent<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Aug 7 (Reuters) &#8211; Massmart Holdings,<br \/>\nthe South African unit of Wal-Mart, said on Tuesday<br \/>\nfull-year profit likely rose as much as 34 percent, falling far<br \/>\nshort of market expectations and sending its shares down more<br \/>\nthan 5 percent.<\/p>\n<p><span><\/span><\/p>\n<p>South Africa&#8217;s third-largest reatiler by market value said<br \/>\nheadline earnings per share in the year to end-June likely<br \/>\ntotalled as much as 579.7 cents, or 34 percent higher than the<br \/>\nprior year&#8217;s 433.3 cents.<\/p>\n<p><span><\/span><\/p>\n<p>Six analysts polled by Thomson Reuters expected the company<br \/>\nto deliver 66 percent profit growth.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in the Johannesburg-based company dropped as much as<br \/>\n5.1 percent shortly after the news. By 1103 GMT, the stock had<br \/>\nrecouped some of losses to trade 3.2 percent lower at 169.83<br \/>\ncents.<\/p>\n<p><span><\/span><\/p>\n<p>On July 4, the Massmart said full-year sales increased 16<br \/>\npercent to 61.2 billion rand, a touch above analysts&#8217; estimate<br \/>\nof 61.1 billion rand.<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Sees headline EPS 549.4 cents to 579.7 cents * Shares fall more than 5 percent JOHANNESBURG, Aug 7 (Reuters) &#8211; Massmart Holdings, the South African unit of Wal-Mart, said on Tuesday full-year profit likely rose as much as 34 percent, falling far short of market expectations and sending its shares down more than 5 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13261","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13261"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13261\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}