All data is delayed
See More

Mr Price profit grows 48%

May 26 2011 08:54

Company Data


Last traded 148
Change 2
% Change 1
Cumulative volume 1016626
Market cap 0

Last Updated: 08-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 208
Change 3
% Change 1
Cumulative volume 1282579
Market cap 0

Last Updated: 08-10-2015 at 05:06. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 88
Change 2
% Change 3
Cumulative volume 2175712
Market cap 0

Last Updated: 08-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Mr Price lifts sales

Profit surge for Mr Price

Upbeat Mr Price sees rise in earnings

Mr Price forecasts soaring profit

Mr Price lifts sales

Johannesburg - South Africa's third-biggest listed apparel retailer Mr Price Group [JSE:MPC] booked a 48% rise in full-year profit as cash-strapped consumers flocked to its no-frills stores.

Mr Price, which runs discount stores of the same name, said on Thursday diluted headline earnings per share (EPS) totalled 388.8 cents in the year to end-March compared with 263 cents a year earlier.

Headline EPS, which excludes certain one-off items, is the primary profit gauge in South Africa.

However, the company warned that it would not match this earnings growth in the next 12 months.

"While the group expects a further increase in earnings in the year ahead, the growth will not be at the same rate as in the past year," it said in a statement.

Retailers in Africa's biggest economy have been squeezed in recent years as their customers battle with unemployment and high personal debt.

But retailers such as Mr Price, which targets the lower-end of the market, has so far fared better than larger upscale rivals Truworths International [JSE:TRU] and Foschini [JSE:FOS].

The company said revenue rose 13% to R10.9bn.


Read Fin24’s Comments Policy 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
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills..

Money Clinic

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

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote