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TRU/TRW - Truworths International Limited - Trading statement

Release Date: 20/07/2007 14:55
Code(s): TRU
Wrap Text

TRU/TRW - Truworths International Limited - Trading statement Truworths International Limited (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 52 week period to 24 June 2007 will be between 30% and 35% higher than those reported for the corresponding period in 2006. Group sale of merchandise, which includes retail and franchise sales,increased to R4 858 million, 27% above the corresponding period in 2006. This amount includes the non comparable merchandise sales attributable to the newly acquired Uzzi menswear chain. If merchandise sales of Uzzi were to be excluded, group sale of merchandise would reflect an increase of 25% relative to that of the prior period. Group comparable retail sales grew by 17%, with product inflation measuring approximately 3.9%. Identity sales increased by 39% to R502 million, with comparable sales growth amounting to 15%. The group opened 16 Truworths emporiums, 23 Identity, 2 YDE and 5 Uzzi stores, relocated 12 stores and renovated and extended 15 stores during the period.The group increased overall trading space by 12% relative to the prior 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 audited final results for the period will be announced on Thursday 23 August 2007. Cape Town 20 July 2007 Lead Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited Joint Sponsor: Standard Bank of SA Ltd Namibian Sponsor: Old Mutual Investment Services (Namibia) (Pty) Limited Date: 20/07/2007 14:55:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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