Choppies revenue up 34%

March 16, 2017 CK-Admin 0 comment

JSE and BSE listed multinational grocery and general merchandise retailer Choppies released its results for the six months ended 31 December with revenue up 34 per cent and gross profit up 28 per cent. Ramachandran Ottapathu, CEO of Choppies joins CNBC Africa for more.

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    GREAT VALUE FOR YOUR MONEY!

    Choppies is the leading supermarket chain in Africa.

    The supermarket retail offering includes leading international food brands and fast moving consumer goods (FMCG) products as well as Choppies’ own private label for value-minded consumers.

    CORPORATE INFORMATION

    (Registration number: 2004/1681) BSE ISIN: BW0000001072
    Share code: CHOPPIES Blomberg code: CHOPPIES BG EQUITY
    Reuters code: CHOPP.BT Listing date: January 2012
    JSE ISIN: BW0000001072
    Share code: CHP
    Listing date: May 2015
    Total shares in issue after JSE listing: 1 291 628 341
Copyright Choppies 2018. All rights reserved.
PRESS RELEASE

CHOPPIES ENTERPRISES KENYA LTD AND ASSOCIATION OF KENYA SUPPLIERS SIGN AGREEMENT 

Choppies Enterprises Kenya Ltd and the Association of Kenya Suppliers (AKS) have signed an agreement under which all outstanding supplier payments would be cleared. The agreement further cemented the relationship of the Suppliers and Choppies and both parties agreed to henceforth comply with the current contract terms in place with each individual supplier. Choppies committed with immediate effect all suppliers would be paid on time.
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