TRU - Truworths International Limited - Business Update
TRU
TRU
TRU - Truworths International Limited - Business Update
Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
BUSINESS UPDATE
Truworths International Limited (`the Group`) announces that in a difficult
trading environment, Group retail sales for the first 26 week period (from 29
June until 27 December) of the 2010 financial year increased by 10.6% to R 3.8
billion relative to the corresponding period in the 2009 financial year.
Credit sales contributed 69% to retail sales with comparable (same store) retail
sales increasing by 3%, product inflation measuring approximately 10% and
trading space increasing by 10% relative to the corresponding period in 2009.
The debtors` book increased by 11% to R2.9 billion relative to the corresponding
period in 2009 and the performance of the debtors` book remains satisfactory and
in line with management`s expectations.
Shareholders are advised that the financial information contained in this update
has neither been reviewed nor reported on by the external auditors, and that the
Group`s unaudited interim results for the period are scheduled to be announced
on Thursday, 18 February 2010.
Cape Town
15 January 2010
South African Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Namibian Sponsor: Old Mutual Investment Services (Namibia) (Pty) Limited
Date: 15/01/2010 14:08:02 Produced by the JSE SENS Department.
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