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) advises that it expects both basic
and headline earnings per share for the 52 week trading period to 26 June 2011
("the period") to be between 18% and 22% higher than those reported for the 52
week period to 27 June 2010 ( "the prior period").
During the period, group retail sales increased by 13.5% to R 8.1 billion, while
comparable (same store) retail sales increased by 8.9% and product inflation
averaged 4%. Credit sales comprised 71% of retail sales (2010: 70%) during the
period, whilst trading space increased by 5.4% relative to the prior period-end.
Gross trade receivables increased to R 3.3 billion and were 17.6% higher than at
the prior period-end. The receivables` book continued to perform satisfactorily
in accordance with management`s expectations.
Investors 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 audited results
for the 52 week period are scheduled to be announced on Thursday, 18 August
2011.
15 July 2011
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 15/07/2011 12:41:02 Produced by the JSE SENS Department.
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