(Bloomberg) -- Shoprite Holdings Ltd., South Africa's
second-largest grocer, said annual sales gained 16 percent after
faster economic growth boosted consumer spending.
Sales in the 12 months through June 30 reached 38.9 billion
rand ($5.6 billion), compared with the year earlier, Cape Town-
based Shoprite said in a stock exchange statement today. Revenue at
the main Shoprite brand increased 14 percent while the Checkers
chain advanced 15 percent, the company said.
Read more at Bloomberg Emerging Markets News
second-largest grocer, said annual sales gained 16 percent after
faster economic growth boosted consumer spending.
Sales in the 12 months through June 30 reached 38.9 billion
rand ($5.6 billion), compared with the year earlier, Cape Town-
based Shoprite said in a stock exchange statement today. Revenue at
the main Shoprite brand increased 14 percent while the Checkers
chain advanced 15 percent, the company said.
Read more at Bloomberg Emerging Markets News
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