Pick n Pay expects to fall into first-half loss
Challenged by costs related to load-shedding and price-sensitive consumers, the retail giant foresees a 20% plunge in interim profit
19 July 2023 - 09:04
UPDATED 19 July 2023 - 22:50
Ahead of its AGM, Pick n Pay on Wednesday said it expected to report an interim loss for the six months to end-August, which analysts believe could be the first on record.
This is due to one-off costs associated with load-shedding, switching distribution centres and staff retrenchments...
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