South Africa's Massmart reports narrower H1 headline loss

This post was originally published on this site

The Walmart (NYSE:WMT) majority-owned retailer said its headline loss from total operations narrowed to 645.4 million rand in the 26 weeks to June, from a loss of 1.09 billion rand in 2020. From just continuing operations, the loss came down by 56.8%.

Massmart’s total sales rose by 4.4% to 41.3 billion rand ($2.77 billion).

($1 = 14.8856 rand)