Shoprite released its interim results today reporting a 24% plunge in diluted headline earnings per share due to supply challenges in the domestic market and currency devaluation in Angola - which helped fuel a trading loss in the company's rest of Africa division. As a result, the interim dividend has been cut by 24% - levels last seen in 2016.
Shoprite's CEO Pieter Engelbrecht discussed the company’s interim results with Business Day TV
Why Shoprite’s earnings dropped for the first time in 10 years stock trading courses
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