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Woolworths shares soar on expected profit surge

MONEYWEB app instead? Woolworths shares soar on expected profit surge Its online sales in SA in the food segment grew by almost 160% and contributes more than 2% to overall sales. By Promit Mukherjee, Reuters 25 Jan 2021  11:52  Open: Open: Open: Image: Halden Krog/Bloomberg Shares in South Africa’s Woolworths rose more than 13% on Monday after the retailer said it expected its first-half headline earnings per share (HEPS) to jump 50%-60%. Woolworths said its business was boosted by an improved business environment in the final six weeks of the period pushing up its HEPS to R2.47-R2.64 ($0.1622-$0.1733) for the 26 weeks ending December 27, compared to R1.65 a year earlier.

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