JOHANNESBURG (Reuters) – Steinhoff reported a slight increase in nine-month sales on Friday as its managers remained pre-occupied with cleaning up after an accounting fraud that nearly tipped the South African retailer into bankruptcy.
A Poundland employee checks products in a store in London, Britain November 10, 2015. REUTERS/Stefan Wermuth/File Photo/File Photo
The company said sales rose 2 percent to 12.9 billion euros ($15 billion) in the nine months through the end of June as a strong showing at its separately listed African unit, Pepkor, offset weak results from Europe, the U.S. and Europe.
($1 = 0.8570 euros)
Reporting by Tiisetso Motsoeneng; Editing by James Macharia
Advertisements