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Massmart Holdings Ltd (MSMJ.J)

MSMJ.J on Johannesburg Stock Exchange

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Thu, Aug 23 2018

UPDATE 2-S.Africa's Massmart HY profit muted by weak consumer spending

* Sales hampered by muted consumer spending (Adds CEO quote and detail)

South Africa's Massmart H1 profit drops 42 percent

JOHANNESBURG, Aug 23 South African retailer Massmart Holdings reported a 42 percent drop in half-year profit on Thursday due to restructuring costs and weak consumer spending.

South Africa's Massmart warns H1 profit could fall 26 pct

JOHANNESBURG, July 30 Massmart Holdings expects half-year profits to fall by as much as 26 percent, the South African retailer said on Monday citing muted sales growth.

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