{"id":8181,"date":"2012-02-21T14:21:18","date_gmt":"2012-02-21T12:21:18","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-shoprite-lifts-h1-profit-by-18-6-pct\/"},"modified":"2012-02-21T14:21:18","modified_gmt":"2012-02-21T12:21:18","slug":"update-1-shoprite-lifts-h1-profit-by-18-6-pct","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-shoprite-lifts-h1-profit-by-18-6-pct\/","title":{"rendered":"UPDATE 1-Shoprite lifts H1 profit by 18.6 pct"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* H1 headline EPS at 280.8 cents vs 236.8 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Sales at 41 billion rand vs 33.1 billion rand<\/p>\n<p><span><\/span><\/p>\n<p>* Shares slightly lower<\/p>\n<p> (Adds details, shares)<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Feb 21 &#8211; Africa&#8217;s biggest food retailer<br \/>\nShoprite reported an 18.6 percent rise in first-half<br \/>\nprofit on Tuesday, helped by higher prices, a favourable<br \/>\nexchange rate and above-inflation wage increases for consumers<br \/>\nin its main South African market.<\/p>\n<p><span><\/span><\/p>\n<p>Shoprite, which runs discount chains, said headline earnings<br \/>\nper share totalled 280.8 cents in the six months to end-December<br \/>\ncompared with 236.8 cents a year earlier.<\/p>\n<p><span><\/span><\/p>\n<p>Headline EPS, the primary profit measure in South Africa,<br \/>\nstrips out certain one-off items.<\/p>\n<p><span><\/span><\/p>\n<p>The results support data showing that consumer spending is<br \/>\nimproving in Africa&#8217;s biggest economy due to decades-low<br \/>\ninterest rates and above-inflation wage hikes for workers in<br \/>\nseveral sectors, but the outlook is uncertain due to high<br \/>\npersonal debt levels and unemployment.<\/p>\n<p><span><\/span><\/p>\n<p>South African retail sales jumped 8.7 percent year-on-year<br \/>\nin December, from an upwardly revised 7.2 percent growth in<br \/>\nNovember and beating a 6.5 percent slow down economists had<br \/>\nexpected.<\/p>\n<p><span><\/span><\/p>\n<p>Shoprite, a domestic merchant seen likely to lose the most<br \/>\nfrom discounter Wal-Mart&#8217;s entry into the country, has<br \/>\nalso benefited from store expansion at home and across the<br \/>\ncontinent.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* H1 headline EPS at 280.8 cents vs 236.8 cents * Sales at 41 billion rand vs 33.1 billion rand * Shares slightly lower (Adds details, shares) JOHANNESBURG, Feb 21 &#8211; Africa&#8217;s biggest food retailer Shoprite reported an 18.6 percent rise in first-half profit on Tuesday, helped by higher prices, a favourable exchange rate and [&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-8181","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\/8181","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=8181"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8181\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}