Mr Price reports 24.8% profit fall

Mr Price reported a 24.8% decline in half-year headline earnings yesterday, due to the impact of coronavirus lockdown restrictions, which cost the retailer R1.8 billion in lost sales in April.

The budget clothing and homeware retailer said its basic headline earnings per share fell to 333.5 cents in the 26 weeks ended September 26 from the 443.2 cents a year earlier.