PnP’s profit growth

Weekend Argus (Saturday Edition) - - FRONT PAGE -

PICK n Pay said it ex­pected an in­crease of 20-25 per­cent in head­line earn­ings per share for the first half, which would be its sev­enth con­sec­u­tive re­port­ing pe­riod of “sub­stan­tive profit growth”.

“This re­sult is un­der-pinned by stronger op­er­a­tional dis­ci­pline,” the com­pany said.

The gro­cer said turnover growth of 7.2 per­cent (7.5 per­cent in con­stant cur­rency) re­flected a tougher trad­ing en­vi­ron­ment.

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