WATCH: Why Shoprite’s earnings dropped for the first time in 10 years
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.
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