Massmart reports resilient results
- Comments Off on Massmart reports resilient results
Good sales growth despite challenging economic conditions.
Massmart today announced its full-year results for the 52 weeks to December 2015,
reporting a total sales increase of 8.4%, while comparable sales for the year increased by
6.7%. Effective margin management over the year lifted gross margins to 18.9% and this,
together with and robust expense control, led to 14.1% growth in group operating profit,
with volume growth of 5.4%.