skip to main content
Find Insight DIY on
* * *

International DIY News

Massmart reports on half-year trading

Builders Warehouse 725 x 500

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

Want more news like this? Sign-up for our weekly newsletter here.

Interested in advertising on Insight DIY? Learn more here.

If your business is interested in pricing intelligence or you're currently trying to track retail prices manually, there really is a much easier way. Just contact us here.


 

26 August 2016

Related News

view more International DIY News
*

Insight DIY always publishes the latest news stories before anyone else and we find it to be an invaluable source of customer and market information.

*
Max Crosby Browne - CEO, Home Decor
Newsletters

Don't miss out on all the latest, breaking news from the DIY industry