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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