(Refiles to add dropped time period in first bullet point)
Feb 16 South African retailer Woolworths
Holdings reported a 4.3 percent drop in half-year
profit on Thursday, citing difficult trading conditions in its
home market and in Australia.
* Headline earnings per share (EPS) declined by 4.3 percent
to 242.6 cents for the 26 weeks to Dec 25.
* Headline EPS is the main profit measure in South Africa
and strips out certain one-off items.
* The firm, which sells food and clothing to well-to-do
consumers mainly in South Africa and Australia, said its gross
margin declined by 0.4 percent to 47.7 percent, as discounting
by competitors gnawed at profits.
* "Economic and market conditions are expected to remain
difficult into the second half of the financial year. The
environment in both markets is expected to continue to be highly
promotionally driven," the firm said.
* Comparable store costs rose by 2.4 percent, Woolworths
* The firm expects growth for the second half in South
Africa and Australia to be in line with growth in the first
(Reporting by TJ Strydom and Bengaluru Newsroom; Editing by