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Truworths International Limited - Trading Update

Release Date: 06/11/2002 15:57
Code(s): TRU
Wrap Text

Truworths International Limited - Trading Update Truworths International Limited Share Code: TRU ISIN Code: ZAE000028296 TRADING UPDATE 6 NOVEMBER 2002 Truworths International Limited ("Truworths") is pleased to announce that the group increased retail sales in the 18 weeks to 3 November 2002 by 26.9% over the corresponding period in 2001. The increase is especially noteworthy given the strong trading base established over past years. In the comparable period in 2001, sales grew by more than 17%. The retail industry has been relatively buoyant over the past few months and reasonable sales growth is anticipated in November and December, albeit at a lower rate than has been achieved so far this year. The continued strengthening of the Rand should hopefully lead to lower inflation in 2003 and much needed relief for consumers as interest rates are lowered as a consequence. Truworths is adopting a positive approach to sales over the next few months, tempered by an appropriate degree of caution as a consequence of a modest growth in the South African economy and volatility in world markets. A further trading update will be released in early January 2003. Truworths` interim results for the 26-week period to 29 December will be announced on 17 February 2003 Date: 06/11/2002 03:58:00 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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