Update
PIK up 3.7% this morning after delivering a solid set of interim statemetns.
reported revenue for the H1 of R42.3bn(+6.4%)
Group turnover up 6.4%, with like-for-like turnover up 3.8%...
Volume growth of 3.5% and market share gains over six months...
1H gross profit margin 18.6% (18.6%) internal inflation held at 0.3% against CPI food of 3.5%...
1H trading profit R631.8m (+5.5%)...
Interim dividend per share 0.391 rand (+17.1%)...
1H net income R489m ... 1H turnover R41.2bn...
Strong earnings contribution from South African operations - with trading profit up 11.9% and profit before tax (before capital items) up 16.7%...
Rest of Africa division delivered profit before tax growth of 7.3%, underpinned by a strong performance from TM Supermarkets in Zimbabwe..
Trading conditions are not expected to ease significantly over the coming months
I would give this share some space before implementing a short bias.
reported revenue for the H1 of R42.3bn(+6.4%)
Group turnover up 6.4%, with like-for-like turnover up 3.8%...
Volume growth of 3.5% and market share gains over six months...
1H gross profit margin 18.6% (18.6%) internal inflation held at 0.3% against CPI food of 3.5%...
1H trading profit R631.8m (+5.5%)...
Interim dividend per share 0.391 rand (+17.1%)...
1H net income R489m ... 1H turnover R41.2bn...
Strong earnings contribution from South African operations - with trading profit up 11.9% and profit before tax (before capital items) up 16.7%...
Rest of Africa division delivered profit before tax growth of 7.3%, underpinned by a strong performance from TM Supermarkets in Zimbabwe..
Trading conditions are not expected to ease significantly over the coming months
I would give this share some space before implementing a short bias.
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