Pick N Pay Soild Results And Relaunches ASAP

Retailer Pick n Pay has published its financial results for the six months ended 29 August 2021, with the group reporting solid results after a period impacted by the Covid-19 pandemic and social unrest. Group comparable earnings per share increased 90.9% year-on-year, while sales growth increased by 4.1% over the same period to R46 billion. As a result of the trading disruptions over the period, most notably the civil unrest in July, gross profit decreased 3.4% to R8.4 billion, with the gross profit margin lower at 18.2% of turnover. <a href="http://www.kayafm.co.za">kaya fm</a>