Massmart sees lower profit

RETAILER and wholesaler Massmart says it expects earnings and headline earnings a share to be between 16percent and 24percent lower for the six months ending December than the prior period's comparative figures.

RETAILER and wholesaler Massmart says it expects earnings and headline earnings a share to be between 16percent and 24percent lower for the six months ending December than the prior period's comparative figures.

The group said yesterday total sales for the 26 weeks to 27 December last year rose 5,6percent to R24billion, boosted by price hikes of 1,6percent. - Adele Shevel

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