News Leader
WATCH: How Massmart turned a profit despite tough conditions
23 February 2018 - 10:17
Investors have cheered Massmart’s full-year results, pushing the shares up 8.8% by at the close on Thursday. The owner of Game, Builders Warehouse and Makro said it was pleased that it could still turn a profit despite weak consumer confidence. For the full year, net profit grew 13.6%. But that figure does include an extra week of trading. Without the extra week, net profit ticked up 1.4%. Massmart CEO guy Hayward spoke to Business Day TV about the company’s full-year results. OR LISTEN TO THE AUDIO: Listen to all latest podcasts here.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.