Categories · Business (Tobacco)
· Tax
· Business (General)
non-USA, by Country · South Africa
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(Adds details) Jump to full article: Reuters, 2009-05-12
Intro: South African general retailer Massmart Holdings Ltd (MSMJ.J) boosted 44-week sales by 11.8 percent thanks to higher prices but said growth slowed due to a change in the way wholesale cigarettes are sold.
The company said sales in the 44 weeks to May 3 totalled 36.7 billion rand ($4.42 billion), an increase of 9.7 percent on a comparable stores basis. The rise was driven largely by product inflation of 11.8 percent over the period.
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