LEW - Lewis Group Limited - Revenue and debtors book update for the quarter and
LEW
LEW
LEW - Lewis Group Limited - Revenue and debtors book update for the quarter and
nine months ended December 2008
Lewis Group Ltd
Reg. No. 2004/009817/06
JSE Share Code : LEW
ISIN : ZAE000058236
(Lewis or the "Company")
REVENUE AND DEBTORS BOOK UPDATE FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER
2008
Revenue for the quarter ended December 2008 increased by 5%. The cumulative
revenue growth for the nine months ended 31 December 2008 was also 5%.
Merchandise sales for the quarter increased by 2%. Cumulative merchandise sales
growth for the nine months was substantially in line with the comparative period
in the prior year.
The month of December 2008 reflected an encouraging result with merchandise
sales up 5% and revenue up by 7%.
The overall condition of the debtors` book, as measured by the doubtful debt
provision, remained stable. The doubtful debt provision for the nine month
period December 2008 was 15.4%. This is similar to the level of the doubtful
debt provision for the six month period September 2008 (15.5%). The provision
as at December 2007 was 14%.
Lewis will announce its FY09 results on Monday, 18 May 2009.
The above information has not been reviewed or reported upon by Lewis` auditors.
Cape Town
21 January 2009
Sponsor:
UBS South Africa (Pty) Ltd
Date: 21/01/2009 08:00:01 Produced by the JSE SENS Department.
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