HY Results – Shoprite reported a 16.8% increase in sales to R106.3 billion, as all supermarket brands contributed significantly. The Gross margin decreased to 23.5%, impacted by input cost pressures and higher diesel prices. Trading profit increased by 8.6%, but was impacted by R560 million spent on diesel for generators. EBITDA rose by 17.9% to R9.3 billion. The Board declared an interim dividend of 248 cents per share, up 6.4% year-on-year.
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