News Formal

Pepkor flags profit rise and further market share gains

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 15 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 63%

Nigeria News News

The company benefited from an increased demand for electronics as consumers worked and studied from home

Pepkor, owner of Ackermans and Pep, says it has grown market share as consumers hunted for deals in the six months to end-March, while also benefiting from increased demand for electronics as consumers were forced to work and study from home.

Headline earnings per share are expected to increase by at least 20%, or 8.9c, in the six months to end-March, the discount retailer said in a trading update on Thursday, a period when SA was grappling with a second wave of Covid-19 as well as a delayed start to the academic year...

 

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

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

Pepkor expects half-year earnings to risePepkor says this has been supported by growth at its discount clothing business.
Source: eNCA - 🏆 49. / 51 Read more »

Pepkor gains share in lower-income marketRetailer benefits from increased demand for home-use electronics
Source: BDliveSA - 🏆 12. / 63 Read more »

BUSINESS MAVERICK: Trading statement: Pepkor buoyed by demand for furniture and electronicsThe Steinhoff-owned retail group Pepkor has reported a strong rise in demand for furniture and electronics, but it has also grown its share of the clothing market.
Source: dailymaverick - 🏆 3. / 84 Read more »