Truworths FY HEPS up 3% to 593.8c from 576.8c

21 Aug 2015

Truworths International (TRU) on Thursday reported headline earnings per share increased 3% to 593.8c in the year ended June 28 2015 from 576.8c in the year-earlier period...

Image credit: www.cavendish.co.za

A final dividend of 169c per share was declared, bringing the total dividend for the year to 405c, an increase of 5.2% over the prior period.

Group retail sales for the period increased 8.2% to R11.6bn from the year-earlier period. Cash sales grew 9.4% and credit sales increased 7.7%.

Trading space increased 7.7% as the group added 106 new locations to the store network.

Outside of SA the group now has 44 stores from 38 in the year-earlier period. Four stores were added in Namibia and two each in Ghana and Zambia, while two stores were closed in Nigeria.

Looking ahead, management said that the credit environment was "steadily improving" despite the current tough economic environment, and were optimistic that the group's merchandise ranges for the upcoming summer season were appealing to customers.

Truworths shares closed 8.2% higher at R88.

Source: BDpro

Source: I-Net Bridge

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