S.Africa’s Woolworths warns annual profits could fall by 70%

JOHANNESBURG (Reuters) – South African retailer Woolworths said on Friday its profits for the 52-weeks to June 28 could plunge by as much as 70% due to the impact of the coronavirus crisis, high tax rate, and adoption of IFRS 16 accounting standards. Woolworths said its headline earnings per share (HEPS) – the main profit […]

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Source : African Media Agency (AMA)