date:Feb 27, 2014
Shoprite Holdings Ltd. said first-half profit increased 7.4 percent after weaker consumer spending in its core South Africa market led to a tougher trading environment.
Net income advanced to 1.82 billion rand ($169 million) in the six months through December, compared with 1.7 billion rand a year earlier, the Cape Town-based company said today in a statement. Sales rose 10 percent to 51 billion rand, weighed down by a 7.6 percent rise at South African supermarkets. Revenue across 15 other Afri