Pepkor cuts dividend after Building Company writedown
Clothing and general merchandise business, which contributes almost two-thirds to group revenue, increased revenue 6.5% to R45bn
25 November 2019 - 08:15
Pepkor, previously Steinhoff Africa Retail, trimmed its dividend for the year to end-September by almost a quarter on Monday due to a contraction in the building materials market.
Headline earnings per share jumped 16.7% to 98.3c, but basic earnings per share fell 22.5% to 64.6c, as a result of a R1.2bn impairment at the Building Company...
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