LEW - Lewis- Revenue and debtors book update for the quarter ended 5 January
LEW
LEW
LEW - Lewis- Revenue and debtors book update for the quarter ended 5 January
2008
Lewis Group Limited
Incorporated in the Republic of South Africa
Registration number : 2004/009817/06
JSE share code : LEW
ISIN : ZAE000058236
("Lewis")
REVENUE AND DEBTORS BOOK UPDATE FOR THE QUARTER AND 9 MONTHS ENDED 5 JANUARY
2008
Revenue growth for the quarter ended 5th January 2008 increased by 8% with the
cumulative revenue growth for the 9 months ended 5th January 2008 increasing by
10%. Merchandise sales for the quarter increased by 2% with cumulative sales
growth for the 9 months up 5%.
Although trading conditions have been challenging the sales performance of the
main product categories - furniture (53% of total sales) and appliances (25% of
total sales) has been satisfactory with a cumulative sales increase of 12% for
the 9 months ended 5 January 2008. The electronic category (22% of total sales)
which traditionally is a discretionary consumer spend has been impacted by the
tough trading environment and is 12% lower.
Collections during the quarter ended 5th January 2008 were slightly below
budget. The overall condition of the debtors book on 5th January 2008 as
measured by the doubtful debt provision is 14% of Net Debtors compared to 15%
last year.
Lewis will announce its FY08 results on Monday 19 May 2008.
The above information has not been reviewed or reported on by Lewis` auditors.
Cape Town
21 January 2008
Sponsor : UBS
Date: 21/01/2008 09:50:02 Produced by the JSE SENS Department.
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