Loading...

Woolworths profit to soar, shares jump

Jan 16 2013 09:56
Reuters


Company Data

WOOLWORTHS HOLDINGS LIMITED [JSE:WHL]

Last traded 60
Change 2
% Change 3
Cumulative volume 5212063
Market cap 0

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

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.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

woolworths holdings

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Comments have been closed for this article.
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Who is most likely to win the ANC leadership race?

Previous results · Suggest a vote

Loading...