SA's Woolworths flags tough second half, scraps final dividend

  • Reuters
  • Stock Market News
SA's Woolworths flags tough second half, scraps final dividend
Credit: © Reuters.

May 27 (Reuters) - South African retailer Woolworths (ASX: WOW ) Holdings Ltd WHLJ.J said on Wednesday it expects difficulties to persist over the remainder of the second half of its financial year due to coronavirus-related restrictions and would not declare a final dividend.

The company, which sells clothing, beauty and homeware products through its outlets, said annual gross profit margin will be negatively impacted by a series of focused promotional and clearance initiatives.

Drop an image here or Supported formats: *.jpg, *.png, *.gif up to 5mb

Error: File type not supported

Drop an image here or

100