Pick n Pay warned of as much as a 60% drop in half-year earnings on Wednesday, underlining the costs of staying open during the pandemic and the effect of trading restrictions for virtually its entire March-August reporting period.
The company expects that headline earnings per share, the main profit measure that strips out certain one-off, nontrading items, could fall in a range of 50%-60% to between 34.01c and 42.51c in the 26 weeks to the end of August.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
He banna we ate so much during lockdown! Or is it liquor earnings? Mxm ba batla ho retrench bana ba bang
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Gauteng company at centre of PPE tender storm unable to pay staff as bank accounts frozenAt least one of the 40 Gauteng companies linked to Covid-19 PPE corruption could not pay its employees after its bank account was frozen.
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