What contributed to Massmart’s slump in full year headline earnings?
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Retailer, Massmart reported its annual results today. Recording a slump of over 31% in headline earnings. The slump is due to lower than expected sales and a higher expense growth. As a result, the group has slashed its dividend by over 40% to 208 cents.
Business Day TV spoke with Massmart CEO Guy Hayward for the nitty gritty behind the headline numbers
Business Day TV spoke with Massmart CEO Guy Hayward for the nitty gritty behind the headline numbers