Johannesburg - Retailer Massmart Holdings [JSE:MSM] reported a 10.4% jump in full-year sales on Thursday as its consumer goods, liquor and home improvement supplies business posted better performance.
Massmart, majority owned by Walmart Stores, however said net interest paid from funding several property acquisitions in 2013-2014 led to a 10.2% drop in headline earnings.
Sales climbed to R78.2bn for the 52 weeks ended December 28.