Mr Price half-year earnings up 12%

Higher apparel and homeware sales buoyed Mr Price Group’s half-year earnings by 11.6%.

The firm posted Heps of 494.3 cents for the six months ended September, (2017: 442.9 cents). Diluted Heps rose 11.1%.

CFO Mark Blair said declining GDP growth and other factors were likely to make trading conditions difficult.

“But we remain confident that our fashion value business model is well positioned to capture further market share,” he said. – Reuters