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Truworths - Trading statement

Release Date: 17/01/2006 15:59
Code(s): TRU
Wrap Text

Truworths - Trading statement Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU: ISIN: ZAE000028296 ("Truworths" or "the group") TRADING STATEMENT Truworths anticipates that basic earnings and headline earnings per share for the 26-week period to 25 December 2005 will be between 28% and 34% higher than the basic earnings and headline earnings per share reported for the corresponding period in 2004. The group recorded merchandise sales of R2 056 million for the 26 weeks, 23% more than the R 1 677 million achieved in the 2004 period. Sales growth included comparable store sales growth of 15 % with product inflation of approximately 3%. Trading space, compared to the corresponding period for 2004, increased by 8% through the opening of eight Truworths and ten Identity stores. The buoyant conditions that underpinned trading in the first 17 weeks continued through the remaining nine weeks to 25 December. During this period sales increased 23% and were ahead of plan. Shareholders are advised that the financial information 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 will be announced on or about 22 February 2006. Cape Town 17 January 2006 Lead Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd Date: 17/01/2006 03:59:33 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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