Woolworths holds on to interim dividend as it paints bleak picture for SA
The retail group grew profits and sales to end-December amid a robust performance from Woolworths Food, but says the outlook is tough
25 February 2021 - 08:31
Retail group Woolworths has opted not to pay an interim dividend even though it grew profits, warning the first few months of 2021 should be tough as SA grapples with the economic fallout from Covid-19.
Headline earnings rose 58.6% to R2.49bn in the retailer’s six months to December 27, amid a robust performance from Woolworths Food and its Australian businesses, though the group says the trading outlook is highly uncertain...
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