South Africa’s Massmart reports narrower H1 headline loss
.
JOHANNESBURG (Reuters) – South Africa’s Massmart said on Friday its half-year headline loss shrunk by 40.8%, thanks to rising sales even amid fresh rounds of COVID-19 restrictions and good expense control.
The Walmart (NYSE:WMT) majority-owned retailer said its headline loss from total operations narrowed to 645.4 million rand in the 26 weeks to June, from a loss of 1.09 billion rand in 2020. From just continuing operations, the loss came down by 56.8%.
Massmart’s total sales rose by 4.4% to 41.3 billion rand ($2.77 billion).
($1 = 14.8856 rand)
More Stories
Oil inches higher as Middle East tensions heat up
© Reuters. Army soldier miniatures and stock graph are seen in this illustration taken October 9, 2023. REUTERS/Dado Ruvic/Illustration/File Photo...
Asian stocks rise before US CPI; Japan’s Nikkei extends rally
. JP225 +1.88% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully to: + Add another position...
SEC approves spot Bitcoin ETFs
. SEC approves spot bitcoin ETFs BTC/USD +1.76% Add to/Remove from Watchlist Add to Watchlist Add Position Position added successfully...
Google lays off hundreds in Assistant, hardware, engineering teams
© Reuters. The Google logo is seen on the Google house at CES 2024, an annual consumer electronics trade show,...
US SEC approves bitcoin ETFs in watershed for crypto market
© Reuters. FILE PHOTO: FILE PHOTO: U.S. Securities and Exchange Commission logo and representations of cryptocurrency are seen in this...
Amazon has not offered remedies to EU concerns over iRobot deal
© Reuters. FILE PHOTO: The logo of Amazon is seen at the company's logistics centre in Boves, France, October 6,...