Mr Price Group’s shares rally on annual results
Retailer raises dividend 6.2% and total revenue increases 5.8% as margins contract slightly
Mr Price Group’s shares opened sharply higher on Friday after the company raised its annual dividend thanks to better earnings.
The retailer said headline earnings per share (Heps) in the year to end-March rose 6.2%, slightly less than expected. The group was expected to report a 6.7% increase in Heps, FNB Securities said in a note last week, citing Bloomberg data...