TRUWORTHS INTERNATIONAL LIMITED - TRADING STATEMENT
Truworths International Limited
(Registration number 1944/017491/06)
(`Truworths` or `the group`)
Code: TRU; ISIN: ZAE000028296
Trading statement
Truworths forecasts that headline earnings per share for the 26-week period to
26 December 2004 will be between 25% and 35% higher than the 52,5 cents per
share reported for the corresponding period in 2003. The group recorded
merchandise sales of R1 677 million for the 26 weeks, 22% more than the R 1 376
million achieved in the 2003 period. Sales growth included comparable store
sales growth of 17 % with product inflation of some 5%. Trading space, compared
to the corresponding period for 2003, increased by 8% through the opening of
seven Truworths and ten Identity stores.
The buoyant conditions that underpinned trading in the first 17 weeks continued
through the remaining nine weeks to 26 December. During the festive season sales
were in line with expectations.
Shareholders are advised to note that the earnings growth forecast contained in
this statement has not been reviewed or reported on by the external auditors,
and that the group`s unaudited interim results for the period are due to be
announced on 24 February 2005.
Cape Town Lead sponsor
11 January 2005 Barnard Jacobs Mellet Corporate Finance (Pty) Ltd
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