Pepkor says market-share gains boosted half-year earnings

A Pep store in Balfour Mall in Johannesburg. Picture: WALDO SWIEGERS

The retailer, previously known as Steinhoff Africa Retail, said its “defensive market positioning”, partly hinged on competitive prices, boosted growth. The clothing and general merchandise segment, the group’s largest, contributed revenue growth of 5.2% to R23.1bn and a 6.6% rise in operating profit to R3.1bn.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in AU

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Healthy iron ore prices boost Afrimat’s full-year earningsThe group says the commodity helped offset a tough period for the construction-materials division
Read more »

Massmart appoints new CEO, but shares fall on warning earnings will halveWalmart’s Mitchell Slape will take over as CEO after he gets approval to work in SA
Read more »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Read more »

Strong labour market boosts US consumer confidenceYield on the benchmark 10-year note drops to its lowest level since October 2017
Read more »