Pick n Pay says profits rose 20% thanks to SA business and better prices

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Pick n Pay Stores says net profit rose by about a fifth in the financial year to March 3

, even as its operations outside SA stumbled.

“Both total and like-for-like sales outperformed peers, indicative of market share gains,” Samuels said. Despite the upbeat financial report, Pick n Pay’s shares were 2.4% lower at R69.97 at 12.30pm on Friday. Despite the weaker contribution from outside SA, Pick n Pay said it had started building a store in Nigeria, which would open in 2019, and it planned to open two more in that market.

 

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 UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

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%
Source: BDliveSA - 🏆 12. / 63 Read more »

Pick n Pay posts 18% jump in full-year earningsOther retailers have struggled amid a slump in retail sales as South African consumers cut back to cope with high household debts. Yes because they are ripping people off. Price increases ridiculous.
Source: ewnupdates - 🏆 30. / 53 Read more »

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.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Uber drivers may each get up to R570,000 tomorrow as the company celebrates its Wall Street listingUber drivers may each get up to R570,000 tomorrow as the company celebrates its Wall Street listing | BISouthAfrica BISouthAfrica And tomorrow the taxi drivers will also ask their piece of the pie. As if uber drivers in SA dont have enough pressure. BISouthAfrica Can I be an Uber driver before midnight? BISouthAfrica This would be wonderful if it's true. Hard working honest good drivers. Uber has taken so many drunk drivers off the roads and delivered them home safely
Source: News24 - 🏆 4. / 80 Read more »