July 12, 2019 / 10:37 AM / 8 days ago

Scandal-hit Steinhoff posts $400 mln loss in H1

JOHANNESBURG, July 12 (Reuters) - Troubled South African retailer Steinhoff reported a 356 million euros ($401 million) half-year loss from continuing operations on Friday, as it continues to feel the effects of an accounting fraud put at over $7 billion.

Steinhoff first flagged holes in its accounts in December 2017, shocking investors that had backed its transformation from a small South African outfit to a discount furniture retailer straddling four continents.

$1 = 0.8885 euros Reporting by Nqobile Dludla; Editing by Mark Potter

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