JOHANNESBURG, Aug 30 (Reuters) - South African retailer Woolworths WHLJ.J on Wednesday reported a 14.8% rise in annual profit as promotional sales, online growth and lower debt helped to counter the impact of power cuts in the country and a rise in cost of living in its operating regions.
The food and fashion retailer posted a headline earnings per share - a profit measure - of 423.4 South African cents from continuing operations in the 12 months ended June 25, from 368.7 cents seen a year earlier.
The company sold an Australian clothing division earlier this year, therefore profits from continuing operations are a more precise measure for the year.
News: WOW South African retailer Woolworths posts 15% rise in full-year profit
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