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S.Africa's Massmart FY profit misses estimates

August 22, 2012 Comments Off on S.Africa's Massmart FY profit misses estimates

August 22, 2012, 8:10 am

JOHANNESBURG (Reuters) – Wal-Mart’s South African unit Massmart posted a 6.1 percent rise in full-year profit, falling well short of expectations as weak selling prices and rising costs weighed.
The nation’s third-largest retailer by market value said diluted headlin…

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