South African clothing and grocer retailer Woolworths on Thursday reported a 10% decline in diluted headline earnings per share (HEPS) to 112,9 cents for the six months ended June 2008, compared with 125,5 cents a year ago.
A final dividend of 49,5 cents was declared, which together with the interim dividend brings total distributions for the period to 79 cents, up 3,9% compared with the same period a year ago.
Turnover increased 15,5% to R20-billion and operating profit rose R8,75% to R2-billion. — I-Net Bridge