Pepkor

HY Results: Group revenue grew 9.5% to R43bn. Sales were driven by Traditional Retail and successful Easter trading, with double-digit sales growth in key brands, and with fewer markdowns in the period. FinTech revenue jumped 24.5% to R5.8 bn on the back of new account openings, cellular handset rentals, and insurance policy sales. Gross profit margins improved 200 bps to 38.1%. HEPS fell 3.1% to 75.0 cents (+7.8% on a normalised basis).
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