Pick n Pay halves dividend after R2.8bn Covid-19 sales hit
20 October 2020 - 08:59
Retailer Pick n Pay has cut its half-year dividend by more than half, after Covid-19 restrictions and safety measures cost it an estimated R2.8bn in lost sales.
The group reported turnover rose 2.6% to R44.2bn in its six months to end-August, with trading restrictions affecting up to 20% its revenue at different stages of the nationwide lockdown...
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