Johannesburg, August 29 - South African retailer Shoprite said on Wednesday full-year turnover increased by 16.2 percent to 38.95 billion rand ($5.38 billion), helped by strong growth outside its home country.
Shoprite said fully diluted headline earnings per share rose 33.3 percent to 194.3 cents, in line with its own forecast, and said a slowdown in the economy was not a "matter of great concern".
The retailer said its total dividend per share was up 38.4 percent to 101 cents.
Shoprite chief executive Whitey Basson said the results of the supermarket division was affected by industrial action during the first quarter of the year.
"A decline in supplier service levels affected stock availability, but was somewhat countered by the performance of our supply chain through our own distribution centres," he said in a statement.
Shoprite said its non-South African operations recorded turnover growth of 29.4 percent, with the biggest contributions from Zambia, Namibia and Angola. The group said the continent's most populated country, Nigeria would soon join the ranks.
"The continent will produce excellent results over the long term. Our number of stores and geographic spread across Africa are well positioned for future growth," Basson said.