FOSCHINI LIMITED - SALES UPDATE
FOSCHINI LIMITED
Reg. No.: 1937/009504/06
Code: FOS
ISIN: ZAE000031019
Sales Update
Group sales for the 3 months October to December 2004 were above expectation,
increasing by 20,2% as compared to the same period last year, as the lower
inflation and lower interest rate environment continues to benefit consumer
confidence. All divisions throughout the group performed well above budget.
Sales for comparable stores for the same period grew by 16,8%. These results
were achieved with average merchandise inflation for the period of 3,5%.
The positive trading environment is expected to be maintained, and we anticipate
continued strong growth in the group`s earnings for the second half of the year.
This sales update has not been reviewed or reported on by the company`s external
auditors.
Cape Town
17 January 2005
SPONSOR
UBS South Africa (Pty) Ltd
-ENDS
Date: 18/01/2005 09:00:02 AM
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