Weaker Mr Price pins hope on Christmas sales

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Cape Town – A difficult trading environment and a late start to the winter have put pressure on Mr Price Group’s [JSE:MPC] financial results posted for the 26 weeks ended 1 October 2016. 

The share price reacted negatively, dipping 2.88% to R129.85 in late afternoon trade.

In a statement to shareholders, the retailer, which sells apparel, homeware and sportsware, said its interim dividend of 228.2c per share is down 8% from the corresponding period in 2015. 

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