🟢 Pick n Pay Stores is trading 7.56% up today after headline loss narrowed 31.9%

Pick n Pay Stores is trading at €1.28, up 7.56%, following interim results showing its headline loss narrowed 31.9% to R299 million.

• Results released October 26 also showed group trading profit rose 58.1% to R490 million, while the Pick n Pay segment’s trading loss fell 16.9%.
• The earnings recovery and turnaround progress provide a clear company-specific explanation for the gain. Volume data was not provided, so trading activity cannot be assessed.