TRU - Truworths International Limited - Trading statement
TRU
TRU
TRU - Truworths International Limited - Trading statement
Truworths International Limited
(Incorporated in the Republic of South Africa)
(Registration number 1944/017491/06)
JSE Code: TRU
NSX Code: TRW
ISIN: ZAE000028296
TRADING STATEMENT
Truworths International Limited (the Group) expects that both basic and headline
earnings per share for the first 26 weeks (from 28 June until 26 December 2010)
of the 2011 financial year will be between 17% and 20% higher relative to the
corresponding period in the 2010 financial year. In the 26 week period Group
retail sales increased by 15.3% to R 4.4 billion, while comparable (same
store) retail sales increased by 10.6% and product inflation averaged 1%.
Trading space increased by 4.4% relative to the prior corresponding period-end.
At the end of the 26 week period the Group`s gross debtors` book had increased
by 16% to R 3.3 billion relative to the corresponding date in 2010. Credit sales
contributed 70% to retail sales and the debtors` book continued to perform
satisfactorily as anticipated by management.
Shareholders are advised that this trading statement does not constitute an
earnings forecast, and that the financial information provided has neither been
reviewed nor reported on by the external auditors. The Group`s unaudited interim
results for the 26 week period are scheduled to be announced on Monday, 21
February 2011.
14 January 2011
Cape Town
JSE Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 14/01/2011 11:00:03 Produced by the JSE SENS Department.
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