A word from our CEO, Guy Hayward
“Most Massmart divisions performed exceptionally well in the tough South African consumer environment...”
During a year where the sub-Saharan consumer environment became increasingly challenging, Massmart’s total sales were R91.3 billion, an increase of 7.7% over the prior year.
http://vod.overendstudio.co.za/video/guy_interview_2017.mp4
In review
2016 at a glance
Sales up 7.7% to R91,250.0 million
Operating profit before interest up 15.5% to R2,483.4 million
Headline earnings up 15.6% to R1,293.3 million
Total dividend per share up 15.8% to 298.9 cents
Delivering to
our strategy
Massmart is a managed portfolio of four divisions, comprising 412 stores