Shoprite's impressive results dampened by R1.3bn spent on diesel during load shedding
Shoprite's 2023 financial report shows impressive sales growth despite the continuous power outages.
Source: citizen.co.za
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Shoprite's 2023 financial report shows impressive sales growth despite the continuous power outages.
Declares a final dividend of 415 cents for 2023 financial year.
SA’s biggest retailer is on a roll, planning to invest heavily in its supply chain, store refurbishments and ecommerce.
Shoprite has reported sales growth of 16.9% to R215.0 billion (€11.1 billion) in its full financial year ended 2 July 2023.
But warns that higher operating costs during the period will put a dampener on gains.