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TRUWORTHS INTERNATIONAL LIMITED - TRADING STATEMENT

Release Date: 11/01/2005 17:23
Code(s): TRU
Wrap Text

TRUWORTHS INTERNATIONAL LIMITED - TRADING STATEMENT Truworths International Limited (Registration number 1944/017491/06) ("Truworths" or "the group") Code: TRU; ISIN: ZAE000028296 Trading statement Truworths forecasts that headline earnings per share for the 26-week period to 26 December 2004 will be between 25% and 35% higher than the 52,5 cents per share reported for the corresponding period in 2003. The group recorded merchandise sales of R1 677 million for the 26 weeks, 22% more than the R 1 376 million achieved in the 2003 period. Sales growth included comparable store sales growth of 17 % with product inflation of some 5%. Trading space, compared to the corresponding period for 2003, increased by 8% through the opening of seven Truworths and ten Identity stores. The buoyant conditions that underpinned trading in the first 17 weeks continued through the remaining nine weeks to 26 December. During the festive season sales were in line with expectations. Shareholders are advised to note that the earnings growth forecast contained in this statement has not been reviewed or reported on by the external auditors, and that the group"s unaudited interim results for the period are due to be announced on 24 February 2005. Cape Town Lead sponsor 11 January 2005 Barnard Jacobs Mellet Corporate Finance (Pty) Ltd Date: 11/01/2005 05:23:45 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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