October 22, 2019 / 5:38 AM / a month ago

South Africa's Pick n Pay posts 9.5% rise in first-half earnings

JOHANNESBURG, Oct 22 (Reuters) - South African supermarket retailer Pick n Pay Stores Ltd posted a 9.5% rise in first-half earnings on Tuesday, boosted by its core local operations despite challenges in Zambia and Zimbabwe.

Pick n Pay, which also sells clothes, said comparable headline earnings per share (HEPS) for the 26 weeks ended Sept.1 rose to 85.03 cents from a restated 77.67 cents a year earlier.

Reported HEPS, which includes the impact of hyperinflation accounting in Zimbabwe, rose 17.5%. (Reporting by Nqobile Dludla; Editing by Subhranshu Sahu)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below