Pepkor expects dip in earnings partially due to effects of Covid-19
In morning trade, Pepkor’s share price had fallen 2.31% to R10.57%, down 41% overall so far in 2020
15 October 2020 - 11:35
Retail group Pepkor Holdings, which owns HiFi Corp, Ackermans and Shoe City, said on Thursday that it expected earnings to drop by at least 20% due to the effect of Covid-19 and changes in accounting standards.
The company said in a trading update that headline earnings per share were likely to decrease by at least 19.4c in the year to end-September from 96.8c previously...
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