Audited summary financial statements for the 2015 financial period

Changing the Trajectory

Result summary

Pick n Pay has delivered an improved financial performance for the 2015 financial year. Financial rigour over capital and operating spend, combined with action to strengthen the business for the long term, have driven headline earnings per share up 28.0% on last year.

This financial result marks an important staging post in Pick n Pay’s strategic long-term recovery plan, and represents the fourth consecutive reporting period of profit growth. The first stage of this plan – Stabilising the Business – is now substantially complete. This is demonstrated by:

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Key financial indicators  

  52 weeks  
1 March  
52 weeks  
2 March  
% change  
Turnover   R66.9 billion   R63.1 billion   6.1  
Gross profit margin   17.8%   17.5%    
Trading profit   R1 240.1 million   R1 010.3 million   22.7  
Trading profit margin   1.9%   1.6%    
Profit before tax   R1 205.2 million   R833.1 million   44.7  
Profit before tax margin   1.8%   1.3%    
Profit after tax   R861.7 million   R583.7 million   47.6  
Basic earnings per share   178.79 cents   122.01 cents   46.5  
Headline earnings per share   177.26 cents   138.51 cents   28.0  
Total annual dividend per share   118.10 cents   92.30 cents   28.0