Pick n Pay. Picture: FINANCIAL MAIL
Pick n Pay. Picture: FINANCIAL MAIL

Retailer Pick n Pay released its interim numbers on Tuesday, posting an almost 10% rise in earnings as the group’s turnaround strategy paid off and helped to offset a poor performance in its rest of Africa division.

Meanwhile, the company’s gross profit margin has advanced to 19.8% from 18.8%.

Business Day TV spoke to independent analyst Syd Vianello about the retailer’s interim performance in context of the country’s current retail climate.

Or listen to the full audio:

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.