Pick n Pay falls after warning of deeper first-half loss
Shares dropped as much as 3% even as group says its Boxer division reported a strong performance
18 October 2024 - 16:13
Supermarket group Pick n Pay on Friday warned of a widening loss in interim earnings, pushing its shares as much as 3% lower on the day, though it had pared losses to 2.2%, or R26.39 a share by the close.
The group, which is finalising its financial statements for the 26 weeks to August 25, forecast a headline loss per share of 129.23c-140.98c compared to a loss of 117.48c in the previous corresponding period...
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