
Pick N Pay bags profit rise, but off a low base
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Pick n Pay has bagged a 52.7% rise in profit after tax for the 26 weeks to end-August but the increase comes off a low base as the prior period's performance was hampered by riots in KwaZulu-Natal and restrictions on liquor sales. To unpack the dynamics, Business Day TV spoke to Lerena Olivier, CFO of Pick n Pay.