Pick n Pay posts 18% jump in full-year earnings

JOHANNESBURG - Retailer Pick n Pay Stores Ltd on Friday reported an 18% jump in full-year earnings, as price cuts helped it attract highly cost-conscious shoppers and cope with the difficult trading conditions that have hit other retailers.

“This result is built on a clear, long-term strategy to create a leaner and more cost-effective business,” he said, adding that Pick n Pay will also have good years in 2019 and beyond. Pick n Pay said the conditions in countries including Botswana, Zambia and Zimbabwe had been challenging, dragging its earnings from the rest of the continent down 16.2%.

Yes because they are ripping people off. Price increases ridiculous.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Pick n Pay says profits rose by a fifth thanks to SA business and better pricesSupermarket chain store lifts annual dividend 22.4% as turnover in SA rises 7.4% but earnings from the rest of Africa fall 16.2%
출처: BDliveSA - 🏆 12. / 63 더 많은 것을 읽으십시오 »

Pick n Pay earnings up 26.1%, CFO to retireThe group has apparently maintained its focus on the objectives set out in its long-term plan of building a leaner and more cost-effective business.
출처: TheCitizen_News - 🏆 6. / 75 더 많은 것을 읽으십시오 »