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 earnings and
headline earnings per share for the first 26 weeks (from 27 June until 25
December 2011) of the 2012 financial year will be between 11% and 15% higher
relative to the corresponding period in the 2011 financial year.
In the 26 week period, Group retail sales increased by 10.7% to R 4.8 billion
which is up from the 9.3% growth recorded for the first 19 weeks. Product
inflation averaged 8% for both the 19 and 26 week periods. Comparable store
retail sales grew by 6.2% for the first 26 weeks, up from the 4.7% increase over
the first 19 weeks. 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 trade receivables had
increased by 16.6% to R 3.9 billion relative to the prior period-end. Credit
sales contributed 73% (prior period 70%) to retail sales and the receivables`
book continued to perform in accordance with management`s expectations.
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 expected to be announced on or about
Thursday, 23 February 2012.
18 January 2012
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
Date: 18/01/2012 10:01:35 Produced by the JSE SENS Department.
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