Loading...
See More

Handsome bonus for Woolworths CEO

Oct 12 2011 11:20 I-Net Bridge

Company Data

WOOLWORTHS HOLDINGS LIMITED [JSE:WHL]

Last traded 0
Change -0,51
% Change 0
Cumulative volume 1827640
Market cap 76.10bn

Last Updated: 19-12-2014 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Moir puts pizzazz into Woolworths

Woolworths added to Sustainability Index

Woolies adds more stores in Africa

Woolworths stock jumps after profits rise

Woolworths profit to jump

Retailers eye Africa for growth

 

Johannesburg - Food and clothing retailer Woolworths [JSE:WHL] paid its CEO Ian Moir 13.6 million, including a bonus of R8.25m, added to his R5.312m normal package for the year.

Moir, who joined the company in January 2010, is the former MD of retail at Country Road.

Short term bonuses totalling R20.34m were paid to four executive directors over the period, including former CEO Simon Susman and deputy chairperson (R2.84m), financial director Norman Thomson (R4.39m) and MD Food Zyda Rylands (R4.86m).

In August Woolworths reported adjusted diluted headline earnings per share of 209.8 cents for the year ended June, up from 152.2c in 2010.

A final dividend of 93c per share was declared and a total distribution of 143.5c per ordinary share was made for the period, an increase of 36.7%.

Revenue increased 9.2% to R25.841bn and operating profit increased 28.3% to R2.122bn.

During the course of the year sales grew by 10.0% (comparable 7.9%), and clothing and general merchandise sales grew by 8.6% (comparable 7.3%). Clothing and footwear sales in SA performed particularly well, increasing by 11.5% (comparable 9.4%).

Food also experienced strong growth for the year with sales up 10.7% (8.4% comparable).

The group said on average for the 12 month period it outperformed the market by 4.1%.

The group's return on equity increased from 39.4% to 44.1%.

 
woolworths holdings  |  ian moir
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
9 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...