(Reuters) – South African retailer Massmart Holdings flagged on Friday a wider annual loss, hurt by store damages and lower trading income suffered due to looting as part of the civil unrest in the country last year.
The retailer, majority-owned by Walmart Inc, said it expects its 2021 headline loss per share, the main profit measure in South Africa, to come in between 684.2 cents and 726.8 cents, at least 60.3% wider than the loss of 426.8 cents reported in 2020.
(Reporting by Aby Jose Koilparambil in Bengaluru; Editing by Sherry Jacob-Phillips)
