All data is delayed
Loading...
See More

Woolworths profit to soar, shares jump

Jan 16 2013 09:56
Reuters

Johannesburg - Shares of Woolworths Holdings [JSE:WHL] surged more than 4% on Wednesday after the retailer said it expects first-half profits to rise by as much as 24%.

Woolworths, one of the best performers on Johannesburg's Top 40 - (Tradeable) [JSE:J200] index in 2012, said it expects to post an increase of 18% to 24% in headline earnings per share for the 26 weeks to December 23, lifted by double-digit sales growth.

Shares of the company are up 4.6% at R66.20 at 07:22 GMT.

 

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

woolworths holdings

NEXT ON FIN24X

 
 
 

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
2 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about...

#JunkStatus

So, the worst has finally happened. S&P and Fitch officially downgraded SA to junk status following the ill-timed Cabinet reshuffle.
 

Money Clinic

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

Voting Booth

Do you have a budget set aside for Easter holiday spending?

Previous results · Suggest a vote

Loading...