(Reuters) – South African retailer Steinhoff on Friday posted a 13% rise in core profit and said its markets were likely to remain volatile in the near term from inflationary pressures and supply-chain constraints.
Core profit from continuing operations rose to 760 million euros ($799.82 million) for the six months ended March 31, while the group’s net debt at the reporting date stood at 10.24 billion euros, rising from 8.12 billion euros a year earlier.
($1 = 0.9502 euros)
(Reporting by Aby Jose Koilparambil in Bengaluru; editing by Uttaresh.V)
