LEW - Lewis Group Limited - Revenue And Debtors Book Update For The Quarter
LEW
LEW
LEW - Lewis Group Limited - Revenue And Debtors Book Update For The Quarter
And Nine Months Ended December 2009
Lewis Group Limited
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
2009
Revenue for the quarter ended December 2009 increased by 7.9%. The revenue
growth for the nine months ended 31 December 2009 was also 7.9%.
Merchandise sales for the quarter increased by 7.3%. Merchandise sales growth
for the nine months increased by 7.0% compared to the comparative period in the
prior year.
The month of December 2009 reflected an encouraging result with merchandise
sales up 11.7%.
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 2009 was 17.4%. This is similar to the level of the doubtful
debt provision for the six month period September 2009 (17.9%). The provision
as at December 2008 was 15.4%.
Lewis is expected to announce its results for the year ended 31 March 2010 on
Wednesday, 19 May 2010.
The above information has not been reviewed or reported upon by Lewis` auditors.
Cape Town
21 January 2010
Sponsor:
UBS South Africa (Pty) Ltd
Date: 21/01/2010 08:00:01 Produced by the JSE SENS Department.
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