A word from our CEO, Guy Hayward
“The six months to June 2017 ranks amongst the most difficult trading conditions in recent memory, not just in South Africa but in most of the 12 other African countries where we have stores.”
In review
2017 at a glance
Sales up 0.5% to R42.5 billion
Operating expenses down 0.2%
to R7,320.1 million
Operating profit before interest
down 6.6% to R765.1 million
Headline earnings up 2.5% to R328.6 million
Total dividend per share up 2.6%
to 76.00 cents
Delivering to
our strategy
Massmart is a managed portfolio of four divisions, comprising 415 stores