Woolworths Annual Profit Rises 5.3 Percent
South African retailer Woolworths Holdings reported a 5.3 percent rise in full-year headline earnings supported by strong online sales in its food division, overcoming higher costs and slower demand.
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WOOLWORTHS HOLDINGS LTD reported a 5.3% rise in full-year headline earnings on Wednesday morning, driven by strong online food sales. The retailer posted HEPS of 282.3 cents for the 52 weeks ended June 28. That compares to 268.1 cents reported in the previous financial year.
