Shoprite Annual Earnings Rise 12.2 Percent

South African retailer Shoprite Holdings reported a 12.2 percent increase in annual headline earnings supported by steady sales growth. The supermarket group also declared a higher final dividend for the year.

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Shoppers are seen outside the Shoprite store at the Garden City mall along Thika Road in Nairobi, Kenya November 13, 2020. Picture taken November 13, 2020. REUTERS/Thomas Mukoya

Shoprite Holdings Ltd posted a 12.2% increase in annual headline earnings during Tuesday morning trade, driven by steady sales growth across its core grocery business in South Africa.

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