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Woolworths profit to soar, shares jump

Jan 16 2013 09:56
Reuters


Company Data

WOOLWORTHS HOLDINGS LIMITED [JSE:WHL]

Last traded 65
Change 0
% Change 1
Cumulative volume 256803
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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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.

 

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