All data is delayed
See More

Woolworths posts impressive profit

Feb 14 2013 09:12

Company Data


Last traded 95
Change -1
% Change -1
Cumulative volume 616091
Market cap 0

Last Updated: 30-11-2015 at 02:55. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 103
Change 0
% Change 0
Cumulative volume 1279427
Market cap 0

Last Updated: 30-11-2015 at 02:54. Prices are delayed by 15 minutes. Source: McGregor BFA


Last traded 143
Change -1
% Change -1
Cumulative volume 941622
Market cap 0

Last Updated: 30-11-2015 at 02:55. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Woolworths profit to soar, shares jump

Woolies sales up 16%

Woolworths gets top accolade

Woolworths joins sustainability index

Retailers hit by valuation concerns

Woolworths H1 profit up 35%


Johannesburg - Retailer Woolworths Holdings [JSE:WHL] reported a 21% rise in first-half profit chiefly as a result of contributions from its recent acquisition in Australia.

Woolworths, which sells food and clothes, said headline earnings per share totalled 164.2 cents in the six months to end-December compared with 135.7 a year earlier.

The results were boosted Woolworths' purchase last August of Australian fashion retailer Witchery Group in a $181m deal to expand into the Asia-Pacific region.

Woolworths, similar in style and products to Britain's Marks & Spencer Group said total sales rose 18% to R16.7bn with its Australian business delivering a 55.6% surge in sales. 

South African retailers have been popular among investors for more than a year due to the credit-led shopping spree, but their shares have tumbled in recent weeks on growing worries consumers are too heavily indebted to sustain recent levels of sales growth.

Woolworths is expected to fare better than rivals such as Truworths International [JSE:TRU] and Shoprite Holdings [JSE:SHP] as it serves the more resilient high-income consumers.

"We expect sales growth to be broadly in line with the first half," the company said in a statement.

Shares in Woolworths are down about 7% so far this year, largely in line with the broad sell-off of local retailers but underperforming a near 5% gain on the blue-chip JSE Top 40 - (Tradeable) [JSE:J200] index.    

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

woolworths holdings



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:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

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

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote