Fashion Africa Limited ("fashaf") - Quarterly Trad
FASHION AFRICA LIMITED ("FASHAF") - QUARTERLY TRADING STATEMENT
(Registration number 1944/017149/06)
(ISIN Code ZAE000016473)
(ALPHA Code FSH)
Quarterly trading statement
For the first quarter, i.e. 1 March to 31 May of the 2003 financial year, the
operating divisions of Fashaf increased its revenue as follows:
1st 1st
Quarter Quarter % Change
2003 2002
R 000`s R 000`s
Apparel and Footwear 90 297 82 922 8,9%
Division
Support Products 7 088 2 188 223,9%
Division
Total Revenue 97 385 85 110 14,4%
Number of stores 232 217
Total square metres 66 970 64 883
Total number of 988 979
employees
Approximately 19 Sportshoe World stores only traded for 67% of the quarter as
they were being converted to the new Millers retail format. The Millers
conversions are now complete.
The sale of cellular and music products through the Support Products Division by
leveraging of the existing store base, is proving most successful.
In terms of the sale of merchandise, Fashaf has achieved growth in real terms.
Improvements in trading densities and productivity are also starting to become
apparent.
The first Giant Superstore of the Home and Personal Division opened on track in
mid-June, with the second on track for a July opening. Results for the Home and
Personal Division will therefore be included in the next quarter`s trading
update.
Halfway House
11 July 2002
Date: 11/07/2002 04:40:00 PM Produced by the JSE SENS Department
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