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TRU - Truworths International - Trading statement

Release Date: 16/01/2007 16:13
Code(s): TRU
Wrap Text

TRU - Truworths International - Trading statement Truworths International Limited Incorporated in the Republic of South Africa) Registration number 1944/017491/06) JSE Code: TRU NSX Code: TRW ISIN: ZAE000028296 TRADING STATEMENT Truworths International Limited (`the Group`) anticipates that both basic and headline earnings per share for the 26 week period to 24 December 2006 will be between 32% and 38% higher than those reported for the corresponding period in 2005 and subsequently restated as a consequence of the full adoption of International Financial Reporting Standards. Group sale of merchandise, which includes retail and franchise sales,increased to R2 513 million, 30% above the corresponding period in 2005. Comparable retail sales grew by 19%, with product inflation of approximately 2%. During the period 6 Truworths, 10 Identity and 2 YDE stores were opened which increased trading space by 5% relative to the position at 25 June 2006. Group sale of merchandise reflected excellent growth of 33% for the second quarter of the 2007 financial period compared to the comparable quarter in the prior period, following a 26% increase in the first quarter of the 2007 period. Shareholders are advised that the financial information contained in this statement has neither been reviewed nor reported on by the external auditors, and that the Group`s unaudited interim results are scheduled be announced on 14 February 2007. Cape Town 16 January 2007 Lead Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Joint Sponsor: Standard Bank Namibian Sponsor: Old Mutual Investment Services (Namibia) (Pty) Limited Date: 16/01/2007 16:13:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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