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Mr Price jumps, forecasts profit rise

Johannesburg - Shares of Mr Price rise more than 5 percent after the South African discount retailer says earnings for the year to end-March were likely up by as much as 23 percent.

Mr Price, which sells clothing and household goods, will release its final results on May 27.

A Mr Price retail store. Credit: INDEPENDENT MEDIA

Its shares are up 5.24 percent to 165.78 rand. - Reuters

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