Massmart Posts Rise In Full-Year Profit

South Africa's Massmart Holdings Ltd MMRTY reported a rise in its full-year profit. Massmart's sales for the period surged 16% to 61.2 billion rand ($7.39 billion). Its headline earnings gained 8.9% to ZAR1.36 billion. Massmart shares gained 1.01% to close at $40.86 yesterday.