South Africa's Massmart Holdings Ltd (OTC: MMRTY) reported a rise in its full-year profit.
Massmart's sales for the period surged 16% to 61.2 billion rand ($7.39 billion). Its headline earnings gained 8.9% to ZAR1.36 billion.
South Africa's Massmart Holdings Ltd (OTC: MMRTY) reported a 16% surge in its full-year sales.
Massmart's sales for the period rose to 61.2 billion rand ($7.56 billion), versus analysts' estimates of 61.1 billion rand.
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Wal-Mart Stores may end its effort to acquire control of Massmart Holdings if South Africa requires it to buy South African goods, a lawyer for the two companies said at an antitrust hearing, Bloomberg News reports.
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