Pepkor, owner of Ackermans, HiFi Corporation and Shoe City has warned that its full-year headline earnings per share to end-September could drop 30.5% to 40.5%.
Including its construction business in its HEPS, earnings will fall between 38.2% and 28.2%, to between 59.8c and 69.8c. Sales at computer and technology stores, Incredible Connection and HiFi Corporation, also spiked 37.7% in the three months from July to end-September, likely boosted by more people working from home.