Steinhoff Controlled Pepkor News Today : Breaking News, Live Updates & Top Stories | Vimarsana

File Steinhoff-controlled Pepkor said it saw a 50.6% increase in headline earnings per share with revenue of R36.5 billion and a 18.5% growth in operating profit. On Thursday, the group said strong operational performance in addition to a significantly lower level of debt resulted in the growth of headline earnings per share for the six-month period ended 31 March 2021. Pepkor owns Ackermans, Pep, and JD Group - which includes brands such as Joshua Doore, Incredible Connection and Hi-Fi Corporation. The group saw 8.1% growth in revenue to R36.5 billion while it also reduced net debt by R8 b...

Steinhoff-controlled Pepkor now expects half-year headline profit growth of between 38% and 58%.  This is considerably more than its previous trading statement, released two weeks ago, which forecast a gain of at least 20% from its continuing operations. Pepkor owns Ackermans, Pep as well as JD Group, including brands like Joshua Doore, Incredible Connection and Hi-Fi Corporation. The profit gain is thanks to a strong trading performance, with Pepkor previously saying revenue from continuing operations rose by more than 8% to R36.5 billion for the six months to end-March – compared to the...