Wednesday, July 18, 2007

Woolworths sees profit jump but bad debt rises

(Reuters) - South African fashion, food and homeware group Woolworths Holdings Ltd expects full-year headline earnings per share to increase by 15-25 percent, the group said on Wednesday.

But the company said its provision for bad debt rose as higher interest rates made for a tougher debt collection environment, and its shares fell.


Read more at Reuters Africa

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