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TRU - Truworths International Limited - Trading Statement

Release Date: 16/07/2010 09:04
Code(s): TRU
Wrap Text

TRU - Truworths International Limited - 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 Shareholders are advised that Truworths International Limited ("the Group") anticipates that both basic and headline earnings per share for the 52 week trading period to 27 June 2010 ("the period") will be between 10% and 13% higher than those reported for the 52 week period to 28 June 2009 ("the prior period"). Group retail sales for the period were R 7.1 billion, 10.5% higher than the prior period, with credit sales contributing 70% (2009: 69%). Comparable (same store) retail sales increased by 4%, product inflation measured approximately 4% and trading space increased by 6% relative to the prior period. Gross trade receivables increased to R2.8 billion, 11% higher than at the prior period end. The debtors` book continues to improve in accordance with management`s expectations. 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 results for the period are scheduled to be announced on Thursday, 19 August 2010. Cape Town Friday, 16 July 2010 South African Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd Namibian Sponsor: Old Mutual Investment Services (Namibia) (Pty) Limited Date: 16/07/2010 09:04:01 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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