South African retailer Mr Price has indicated that profit for the half-year period ending 30 September rose between 20-30% year-on-year.

The company, which sells apparel and home products, said in a statement that basic and headline earnings per share for the six months were expected to be 15-25% higher, having been impacted by lower finance income and a higher number of shares in issue.

Mr Price Group consists of four retail chains, focusing on clothing, footwear, accessories and homewares, including Mr Price, Mr Price Sport and Miladys.