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What is Pick N Pay about?

Pick n Pay reported a load shedding bill exceeding R500 million, impacting its financial performance for the year ending February 2023. Despite this, the company achieved an 8.9% increase in turnover and a 7% rise in underlying profit before tax, while managing to limit cost growth to 7.9%. The CEO emphasized ongoing efforts to mitigate diesel costs and focus on strategic growth plans amid challenging conditions.

Author

juniornathi53

Language

EN