Mr Price Group Ltd (OTCPK:MRPLY)
$ 16.54 0 (0%) Market Cap: 4.31 Bil Enterprise Value: 4.71 Bil PE Ratio: 0.25 PB Ratio: 6.19 GF Score: 95/100
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Full Year 2020 Mr Price Group Ltd Earnings Call Transcript

Jun 25, 2020 / 07:00AM GMT
Release Date Price: $8.78 (+2.47%)
Mark McNeil Blair
Mr Price Group Limited - CEO, Member of Group Management Board & Executive Director

Good morning, everybody, and welcome to the annual results presentation of Mr Price Group for the year ended 31st of March 2020. I'm joined by Mark Stirton, our CFO, who's taking social distancing to the extreme. He is 3 or 4 meters to my right. And we're actually broadcasting from our Durban Head office.

Just in terms of the overall content, I'm going to be talking a little bit about the backdrop, the retail environment. Mark will go into details about performance. And then I'll come back and talk about how COVID has impacted our business and how that actually changes things going forward.

So straight into the detail, and I'm not going to spend too much time on this. It is known to many people. So I guess, more for the sake of the foreign participants. South African GDP growth, as you can see there, 0.2% for the year, and we actually saw the last 2 quarters of 2019 declining and, therefore, technical recession. The key indicators from a business perspective are also poor, have

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