The Finance Ghost: The lowdown on Pick n Pay, EOH, Hyprop an

Pick n Pay’s 5.4% increase in turnover in the 26 weeks to 27 August isn’t terrible, but a drop in the gross profit margin from 19.4% to 18.5% certainly is. When combined with a surge in trading expenses of 13.7%, the result is a drastic 97.5% decline in trading profit.

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