JOHANNESBURG Jan 12 South Africa's upmarket
retailer Woolworths Holdings expects first-half profit
to be between 2.5 percent to 7.5 percent lower, the company said
in a trading update on Thursday.
* Woolworths, which sells products similar to those of
Britain's Marks and Spencer, sees headline earnings per
share (HEPS) between 234.5 to 247.2 cents for the 26-week period
ended 25 December 2016.
* HEPS is the main profit measure used in South Africa that
strips out certain one-off times.
* Adjusted diluted headline earnings per share (adHEPS) for
the period are expected to be between 0 and 5 percent lower at
238.3 to 250.8 cents.
* The retailer, which also sells food, reported a 6.7
percent rise in group sales for the first-half of the 2017
* Sales at department store chain David Jones and Country
Road Group were negatively impacted by the timing of the public
holiday of Boxing Day and last year's termination of the Dick
Smith electronics concession, Woolworths said in a statement.
(Reporting by Tanisha Heiberg; Editing by Vyas Mohan)