Pick n Pay

Group turnover increased 5.4%. Boxer SA was +16.1%. The Gross profit margin declined 0.9% to 18.5%, while gross profit in Rand terms grew +0.4% year-on-year. Trading expenses increased 13.7%, driven by energy costs and employee restructuring costs. R396 million was spent on diesel to run generators. Trading profit declined to R31.8 million. The headline loss per share was 138.24c.
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