January 12, 2017 / 7:24 AM / in a year

South Africa's Woolworths expects fall in H1 profit

JOHANNESBURG (Reuters) - 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.

Shoppers leave a Woolworths store at a shopping centre in Lenasia, south of Johannesburg, August 28, 2013. REUTERS/Siphiwe Sibeko

Reporting by Tanisha Heiberg; Editing by Vyas Mohan

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