Woolworths - Hot or Not
Woolworths' first half headline earnings per share rose almost 35 percent to 135 cents. This due to a lower effective tax rate and the benefit of recent share buy backs. Revenue is up 11 percent to R14.2 billion. The South African retailer expects growth in the second half to be broadly inline with the first half.
To decide whether Woolworths is hot or not are Gerbrand Smit from NEFG Fund Management and Byron Lotter from Vestact.
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