Pepkor expects up to 40% drop in earnings

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 17 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The clothing and furniture retailer said it lost R5bn in sales for the almost five-week store closure in lockdown level 5

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.

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:

 /  🏆 12. in NG
 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines