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South Africa’s Massmart H1 profit drops 42 percent

JOHANNESBURG, Aug 23 (Reuters) – South African retailer Massmart Holdings reported a 42 percent drop in half-year profit on Thursday due to restructuring costs and weak consumer spending. Massmart, a unit of Walmart Inc , said headline earnings per share (EPS) for the 26 weeks through July 1 came in …

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UPDATE 1-South Africa’s Absa H1 profit down 4 percent

(Adds details) JOHANNESBURG, Aug 6 (Reuters) – South African lender Absa Group reported a 4 percent fall in half-year profit on Monday, weighed down by costs related to its separation from former parent Barclays. Headline earnings per share (EPS) came in at 877.8 cents in the six months ended June …

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South Africa’s Absa H1 profit down 4 percent

JOHANNESBURG, Aug 6 (Reuters) – South African lender Absa Group reported a 4 percent fall in half-year profit on Monday, weighed down by costs related to its separation from former parent Barclays . Headline earnings per share (EPS) came in at 877.8 cents in the six months ended June compared …

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