Company Data
| Last traded |
R45.25 |
| Change |
R0.13 |
| % Change |
0.29% |
| Cumulative volume |
776,363 |
| Market cap |
R21.74bn |
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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Johannesburg - South Africa's second-biggest grocery retailer
Pick n Pay Stores [JSE:PIK] posted a 18.4% decline in full-year profit on Monday, missing expectations as results were stung by higher costs and industrial action.
Pick n Pay said diluted headline earnings per share from continuing operations was 186.14c in the year to end-February, well below a median estimate of 211.8c by 12 analysts polled by Reuters.
Headline EPS, the main profit gauge in South Africa, strips out certain one-off items.
The company said headline EPS that excludes stock options or convertible bonds fell 18.3% to 189.35c.
While consumers gradually warm up to spending in Africa's biggest economy thanks to lower interest rates and a fall in food inflation, Pick n Pay has yet to see the benefits as it is spending a chunk of its cash building distribution centres to improve margins.
Pick n Pay said sales rose 5.9% to R51.9bn, affected partly by a labour strike in October last year.
Shares in the company have slumped nearly 9% so far this year, lagging behind its closest rival Shoprite, which is up 0.42% for the period.