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.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.