Pepkor sales and revenue well ahead of 2019

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Pepkor notified shareholders in a trading update on Thursday that revenue increased to R22.8 billion in the last quarter of 2021, some 1.3% better than in the same three months of 2020. Moneyweb CompanyNews

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Pepkor notified shareholders in a trading update on Thursday that revenue increased to R22.8 billion in the last quarter of 2021, some 1.3% better than in the same three months of 2020. Management noted that revenue actually improved by 1.8% when excluding the revenue figures from the John Craig clothing and footwear chain, which was sold early in 2021.

“The Connect credit book, which facilitates credit sales in the JD Group, was largely maintained at the R1.6 billion level . The level of non-performing loans improved. “The Tenacity credit book, which facilitates sales in the clothing and general merchandise segment, increased marginally to R3.3 billion from R3.2 billion a year ago. The level of non-performing loans improved.

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