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Massmart reports on half-year trading

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South African retail giant Massmart has reported on half-year trading for the 26 weeks ended 26th June 2016.

The Group saw sales rise by 8.7% to 42.31bn rand and reported a 19% rise in half-year profit.  

Massmart said that the lack of growth in the South African economy has meant that its shoppers had maintained spending on food and non-durables but delayed purchases of appliances.

The Group intends to open five new stores across Ghana, Mozambique, Nigeria and Zambia in the next two years. 

Learn more about the results here:

Massmart Interim Results Presentation 

Massmart Interim Results Booklet 

 Source : Insight DIY and Massmart
www.massmart.co.za

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26 August 2016

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