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Retailers report exciting results off good festive season trade

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Johannesburg -Retailers Woolworths and Massmart have separately reported excellent results on Thursday, as South Africa's retailers come off a strong festive season.

Woolworths [JSE:WHL] expects first-half profit to increase by 25% to 35% year-on-year with sales also forecast to rise, the company said in a trading update on Thursday.

Woolworths said that without including the impact of David Jones, whose acquisition was effective in August 2014, group sales grew by 12.3%.

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