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LEW - Lewis Group Limited - Revenue And Debtors Book Update For The Quarter

Release Date: 21/01/2010 08:00
Code(s): LEW
Wrap Text

LEW - Lewis Group Limited - Revenue And Debtors Book Update For The Quarter And Nine Months Ended December 2009 Lewis Group Limited Reg No. 2004/009817/06 JSE Share Code : LEW ISIN : ZAE000058236 (Lewis or the "Company") REVENUE AND DEBTORS BOOK UPDATE FOR THE QUARTER AND NINE MONTHS ENDED DECEMBER 2009 Revenue for the quarter ended December 2009 increased by 7.9%. The revenue growth for the nine months ended 31 December 2009 was also 7.9%. Merchandise sales for the quarter increased by 7.3%. Merchandise sales growth for the nine months increased by 7.0% compared to the comparative period in the prior year. The month of December 2009 reflected an encouraging result with merchandise sales up 11.7%. The overall condition of the debtors` book, as measured by the doubtful debt provision, remained stable. The doubtful debt provision for the nine month period December 2009 was 17.4%. This is similar to the level of the doubtful debt provision for the six month period September 2009 (17.9%). The provision as at December 2008 was 15.4%. Lewis is expected to announce its results for the year ended 31 March 2010 on Wednesday, 19 May 2010. The above information has not been reviewed or reported upon by Lewis` auditors. Cape Town 21 January 2010 Sponsor: UBS South Africa (Pty) Ltd Date: 21/01/2010 08:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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