SOUTH AFRICA: Pick ‘n Pay group headline earnings up by a third
Pick 'n Pay, South Africa's largest supermarket group, with interests in Australia and other African countries, reported a 33.7% increase in headline earnings for the six months to 31 August 2002, to 37.76c from 28.24c a year ago. The JSE-listed company, run as a family concern by the Cape Town-based Ackerman family, who have a 51% stake, declared a 33% interim dividend from 10.5c last year to 14c.
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