News Leader
WATCH: Why Shoprite’s earnings dropped for the first time in 10 years
27 February 2019 - 12:10
Shoprite released its interim results on Tuesday, reporting a 24% plunge in diluted headline earnings per share (HEPS) due to supply challenges in the domestic market and currency devaluation in Angola. As a result, the interim dividend has been cut by 24%, to levels last seen in 2016. Shoprite CEO Pieter Engelbrecht joined Business Day TV to discuss the group’s results.
Or listen to the full audio:
BL Premium
This article is reserved for our subscribers.
A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
Already subscribed? Simply sign in below.
Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now