South Africa's Pick n Pay posts 9.5% rise in first-half earnings

JOHANNESBURG, Oct 22 (Reuters) – South African supermarket retailer Pick n Pay Stores Ltd posted a 9.5% rise in first-half earnings on Tuesday, boosted by its core local operations despite challenges in Zambia and Zimbabwe.

Pick n Pay, which also sells clothes, said comparable headline earnings per share (HEPS) for the 26 weeks ended Sept.1 rose to 85.03 cents from a restated 77.67 cents a year earlier.

Reported HEPS, which includes the impact of hyperinflation accounting in Zimbabwe, rose 17.5%. (Reporting by Nqobile Dludla; Editing by Subhranshu Sahu)


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