Subscribe & Follow
Jobs
- Head of Strategy Centurion
- MW Art Director Cape Town
- MW Art Director Cape Town
- Paid Media Specialist - Lead Generation Johannesburg
- DTP Art Director Cape Town
- Business Development Manager Orange Grove
- Creative Director Cape Town
- Account Manager Johannesburg
- MW Art Director Cape Town
- Senior Design Manager / Design Studio Manager Johannesburg
Truworths 26-week sales rise 21% but earnings drop marginally
Cash sales grew 53% while those on credit were unchanged. Excluding contributions from subsidiary UK-based fashion chain Office Retail Group, retail sales were unchanged at R7.4bn.
Truworths said it experienced a challenging trading environment during the period because of low economic growth, high product inflation resulting from rand weakness, reduced foreign revenues when translated into rands arising from sterling weakness, and the negative effect of the credit affordability assessment regulations in SA.
The group expects diluted headline earnings per share for the period to decrease by between 2% and 6%, to between 380.6c and 397.9c per share, from 403.8c per share in the previous period.
Source: I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za