Pick n Pay’s great results in South Africa but weak international expansion

Pick n Pay's FY2019 results confirm CEO Richard Brasher's impressive turnaround job. Like for like turnover up 4.8% in a tough market. Profit margin up from 2.4% to 2.8%. Profit before tax up 17.1% from R1,768.1m ($121.9m) to R2,073.2m ($143.0). Pick n Pay's share price has gained 50% since February 2013. [...]
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