Steinhoff grows global earnings but warns of 'unpredictability' from war in Ukraine
The retailer's share price dropped by 6% on Friday afternoon.
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The retailer's share price dropped by 6% on Friday afternoon.
Retailer Steinhoff has been informed it faces about €3.2bn (about R53.6bn) worth of claims in its settlement with shareholders who lost money when its stock plunged after the revealing of an accounting fraud in 2017, it said on Friday.
Steinhoff says it boosted group revenue by 10% in the last quarter of 2021 despite the reintroduction of Covid-19 restrictions in Eastern Europe.
<p>Retailer Steinhoff says it is a step closer to starting a series of payouts to shareholders who lost billions of rands when the group's stock plunged in late 2017.</p>
Retailer Steinhoff says it is a step closer to starting a series of payouts to shareholders who lost billions of rands when the group's stock plunged in late 2017.