Fin24

Mr Price earnings seen higher

2012-10-25 09:21

Johannesburg - Mr Price Group [JSE:MPC] advised on Thursday that for the 26 weeks ended September 2012‚ its basic earnings and headline earnings per share are expected to increase by between 30% and 35% due to a lower taxation charge as a consequence of no STC being levied on the 2012 final dividend‚ which was paid in the current period.

Profit before taxation is expected to increase by between 20% and 25% over the comparable period.