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Woolworths profit to soar, shares jump

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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Rand - Dollar
18.88
+0.3%
Rand - Pound
23.85
+0.2%
Rand - Euro
20.38
+0.2%
Rand - Aus dollar
12.32
+0.1%
Rand - Yen
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Platinum
908.05
0.0%
Palladium
1,014.94
0.0%
Gold
2,232.75
-0.0%
Silver
24.95
-0.1%
Brent Crude
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Top 40
68,346
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All Share
74,536
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Resource 10
57,251
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Industrial 25
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0.0%
Financial 15
16,502
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