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Woolworths 65% Decline In Profits.

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Retailer Woolworths on Thursday (17 September) reported a 54.5% drop in adjusted profit before tax to R2.2 billion for the 52 weeks ended 28 June 2020, citing the impact of Covid-19 on its performance in the second half of the year. Turnover declined 1.2% to R72.2 billion, while headline earnings per share was down 65.1% to 119.8 cents per share.

17 Sep 2020 1PM English South Africa Business News · Investing Gugulethu Mfuphi

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