Woolworths turnover up 7% to R85.7Bn, with profit before tax up 29.5% to R6.7Bn
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Woolworths has hiked its full-year dividend payout by more than a third thanks to double-digit earnings growth, with margins picking up even though it experienced some volume pressure in its food and fashion businesses.
The JSE-listed retailer, which reported results for the year to 25 June on Wednesday, was also boosted by the sale of Australian fashion business David Jones in March, but also had to contend with higher costs and increased food waste due to SA's ongoing power interruptions. Total group turnover rose 7% to R85.7 billion, the group said, with headline earnings per share rising 29% to 514.7c. The group upped its total dividend just over 36% to 313c.
The group's shares slipped over 4% in early trade on Wednesday but have still gained about 37% over the past one year.
Woolworths has hiked its full-year dividend payout by more than a third thanks to double-digit earnings growth, with margins picking up even though it experienced some volume pressure in its food and fashion businesses.
The JSE-listed retailer, which reported results for the year to 25 June on Wednesday, was also boosted by the sale of Australian fashion business David Jones in March, but also had to contend with higher costs and increased food waste due to SA's ongoing power interruptions. Total group turnover rose 7% to R85.7 billion, the group said, with headline earnings per share rising 29% to 514.7c. The group upped its total dividend just over 36% to 313c.
The group's shares slipped over 4% in early trade on Wednesday but have still gained about 37% over the past one year.
