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Rex Trueform H1 headline loss/share 15.9c v 33.8c loss

7 Mar 2014

Rex Trueform (RTO) has reduced its headline loss per share by 52.8% to 15.9c in the six months to December from a 33.8c loss a year ago‚ mainly due to the improved performance of the retail segment.

Image courtesy of FreeDigitalPhotos.net

Revenue was up 3.3% to R265.3m‚ while its operating loss was reduced by 59.1% to R5.1m from a year earlier-period‚ the manufacturing and retail group said. Ordinary dividends per share paid amounted to 61c‚ unchanged from a year ago.

The company said difficult retail market conditions will continue to make trading challenging during the second half of the year.

Source: I-Net Bridge

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