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Lewis Group sales up 13%

24 Jan 2011

Furniture retailers Lewis Group said Friday, 21 January 2011, that sales have continued to improve since the interim reporting period, with merchandise sales for the quarter ended December 2010 increasing by 13%.

Merchandise sales for the nine months to December 2010 reflect a cumulative increase of 12%.

Solid debtor collections continued for the December quarter, resulting in an increase of 14.7% in collection levels, with debtor costs for the nine months reflecting a satisfactory improvement.

Lewis expects to announce its results for the year ending March 2011 on or about Monday, 23 May.