News Formal

Making sense of Pick n Pay’s puzzling market moves

  • 📰 FinancialMail
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Canada News News

Shares in the retailer have seesawed wildly since it first released a trading update in early October, and analysts are split over its prospects.

How to make sense of the market’s reaction to Pick n Pay’s results, released last week?

The retailer’s shares slumped 9% on the day, stumping some analysts given its 11.5% rise in half-year revenue, to R51.3bn, and a 22% rise in pretax profit to R588m. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Most annoying that with aggressive marketing, they don’t have items advertised. Learning from last week where I went in especially for dishwasher tablets, called in & now told the deal “until it’s gone” but they never received stock! Tried 3 stores close by for same story! 🤬

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:

 /  🏆 20. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Mercedes becomes the latest company to withdraw from Russia | The CitizenMercedes-Benz to withdraw from Russia and sell its shares in local subsidiaries. Catch up on what's happening here: MercedesBenz
Source: TheCitizen_News - 🏆 6. / 75 Read more »