• Inside Labour

    The 'casualisation' of the workforce is often a ploy to cut costs, says Terry Bell.

  • When drones go dancing

    Drone technology's future is about to come to life in Cape Town, says Arthur Goldstuck.

  • Testing times for Matona

    New Eskom CEO Tshediso Matona has his work out cut out for him, says Mzwandile Jacks.

Data provided by iNet BFA
Loading...
See More

Shoprite's share price falls

Jul 17 2012 18:15

Company Data

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 142.37
Change 0.38
% Change 0.00
Cumulative volume 2650708
Market cap 81.56bn

Last Updated: 22/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 55.32
Change -0.28
% Change 0.00
Cumulative volume 379621
Market cap 26.96bn

Last Updated: 22/08/2014 at 04:25. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Shoprite to raise $1bn for expansion

Shoprite sees scope for 700 stores in Nigeria

Shoprite boosts first-half profit

Shoprite boasts rise in half-year turnover

Pick n Pay uses Franklins cash to revamp

Shoprite shares dive on expansion plans

 
Cape Town - Analysts have expressed disappointment in the trading update of SA's largest supermarket chain, Shoprite Holdings Limited [JSE:SHP], reports the Business Day.

Shares declined to R156.81, down 11%, which could signal that Pick n Pay may have finally arrested declines.

With a market cap of R89.37bn compared to Pick n Pay Stores' [JSE:PIK] R20.9bn, Shoprite increased turnover to 14.4% to R82.7bn in the year to June 30 from the corresponding period last year, while growth on a like-for-like basis was 8.5%.

Meanwhile, Pick n Pay's headline earnings per share declined to 15% in the year to February 29. Investment costs had a negative effect on profit margins. 

- Fin24
share price
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Small Business

Expanding your business requires capital and banks have stringent lending criteria in place.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...