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 Group retail sales
for the first 19 weeks (from 27 June until 6 November 2011) of the 2012
financial period increased by 9.3% to R 3.0 billion relative to the
corresponding period in the 2011 financial period. Comparable (same store)
retail sales increased by 4.7% and product inflation averaged 8%.Credit sales
comprised 73% of retail sales (2011: 71%) during the period, whilst trading
space increased by 6.2% relative to the prior corresponding period-end.
Gross trade receivables increased to R 3.4 billion and were 15.6% higher than
the prior corresponding period-end which is in line with management`s strategy
of growing credit in Identity. The receivables` book continued to perform in
accordance with management`s expectations.
Shareholders are advised that this update does not constitute an earnings
forecast, and that the financial information provided has neither been reviewed
nor reported on by the external auditors. The 2012 financial period will
comprise 53 trading weeks, with the interim results for the 26 week period
ending December 2011 scheduled for release on or about 23 February 2012.
10 November 2011
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 10/11/2011 09:30:11 Produced by the JSE SENS Department.
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