Profit after tax increased 52.7% year on year in the retailer’s interim results
The profit after tax of retailer Pick n Pay jumped in its first set of results since implementing its new strategy dubbed Ekuseni, in May.
Profit after tax increased 52.7% year on year to R453.3m and headline earnings per share, a widely used measure of profit that strips out impairments and one-off items, by 59.5% to 97.73c, the company said on Tuesday in its interim results for the 26 weeks to end-August 28...
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