{"id":35313,"date":"2026-05-25T09:08:24","date_gmt":"2026-05-25T07:08:24","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=35313"},"modified":"2026-05-25T09:08:24","modified_gmt":"2026-05-25T07:08:24","slug":"sas-pick-n-pay-swings-to-profit-before-tax-as-boxer-boosts-performance","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/sas-pick-n-pay-swings-to-profit-before-tax-as-boxer-boosts-performance\/","title":{"rendered":"SA&#8217;s Pick n Pay swings to profit before tax as Boxer boosts performance"},"content":{"rendered":"<div>South African (SA) grocer Pick n \u200bPay swung to an annual profit before \u200ctax on Monday, on the back of a positive swing in net funding interest and its value chain Boxer&#8217;s (BOXJ.J), opens new tab \u200bstrong performance.<\/div>\n<div><\/div>\n<div>The retailer&#8217;s profit before tax and capital items was \u200b$22.05 million in the 52 weeks \u2060ended March 1 against a loss of $14.5 million in the prior 53-week period.<\/div>\n<div><\/div>\n<div>The firm&#8217;s headline loss per \u200bshare narrowed by 14.6% to 52.58 cents.<\/div>\n<div><\/div>\n<div>The improvement \u200bwas driven by a $41.4 million\u00a0positive swing in net funding interest, partially offset by a $4.5 million reduction \u200bin consolidated trading profit.<\/div>\n<div><\/div>\n<div>The group, which has \u200cbeen \u2060battling to regain some of the market share that it lost to rival Shoprite said its turnover inched up 1% to $7.3 billion, driven mainly \u200bby a 9.6% \u200brise in \u2060Boxer&#8217;s turnover.<\/div>\n<div><\/div>\n<div>While Boxer did the heavy lifting, the core Pick n Pay business \u200bremained under pressure.<\/div>\n<div><\/div>\n<div>The segment reported a \u200bturnover decline \u2060of 3.7%, reflecting store closures and conversions.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":16471,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-35313","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Pick n \u200bPay swung to an annual profit before \u200ctax on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35313","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35313\/revisions"}],"predecessor-version":[{"id":35314,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/35313\/revisions\/35314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/16471"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=35313"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=35313"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}