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Truworths H1 HEPS 334.5c vs 335.8c

20 Feb 2015

Truworths International's (TRU) headline earnings per share (HEPS) were 334.5c for the 26 weeks ended December 2014‚ a decrease of 0.4% from 335.8c in the year-earlier period‚ the clothing company said on Thursday, 19 February 2015.

Diluted HEPS of 333.4c were 0.8% higher from 330.7c in the prior period.

The interim dividend increased by 9% to 236c per share from 216c previously resulting from a reduction in the dividend cover to 1.4 times from 1.6 times previously.

Truworths International Ltd is an investment holding and management company listed on the JSE and the Namibian Stock Exchange (NSX).

Group retail sales increased by 5.2% to R6.2bn for the 26-week period ended December 2014 compared to the year-earlier period. Group revenue‚ comprising group sale of merchandise‚ interest received and other income‚ increased 6% to R6.7bn.

Trading space increased by 6.9% following the opening of 33 stores. At the end of the period the group had 662 stores from 629 stores previously.

Looking ahead‚ the company said the trading environment was expected to remain difficult for the remainder of the 2015 financial period. The board plans to increase trading space by about 6% for the 2015 financial period and by about 5% in the 2016 financial period‚ the company said.

At 2.41pm the counter was trading 3.89% firmer at R84.67 from Wednesday's close‚ after the results announcement.

Source: BDpro via I-Net Bridge

Source: I-Net Bridge

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