South Africa's Pick n Pay annual loss narrows
JOHANNESBURG, May 26 (Reuters) - South African grocery retailer Pick n Pay (PIKJ.J), opens new tab on Monday reported a narrow loss before tax for the full year, with the recovery driven by a 1 billion rand ($56 million) trading loss reduction in its core business.
Pick n Pay said its loss before tax and capital items reduced to 237 million rand in the 53 weeks ended March 2, from a loss of 1.4 billion rand the previous year.
($1 = 17.8016 rand)
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