Pick n Pay share price falls to lowest level in nearly 10 years
The retail group lowers payout ratio after a tough year amid ongoing load-shedding and the Ekuseni plan
Pick n Pay’s share closed at its lowest in almost 10 years as it released full-year results that showed a drop of 16.3% in headline earnings per share, warning the following year’s results may be similar.
The share price closed at R37.39, falling 9.16%, while having dropped more than 34% so far this year...
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