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TRU - Truworths International Limited - Trading statement

Release Date: 14/01/2011 11:00
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 Truworths International Limited (the Group) expects that both basic and headline earnings per share for the first 26 weeks (from 28 June until 26 December 2010) of the 2011 financial year will be between 17% and 20% higher relative to the corresponding period in the 2010 financial year. In the 26 week period Group retail sales increased by 15.3% to R 4.4 billion, while comparable (same store) retail sales increased by 10.6% and product inflation averaged 1%. Trading space increased by 4.4% relative to the prior corresponding period-end. At the end of the 26 week period the Group`s gross debtors` book had increased by 16% to R 3.3 billion relative to the corresponding date in 2010. Credit sales contributed 70% to retail sales and the debtors` book continued to perform satisfactorily as anticipated by management. Shareholders are advised that this trading statement does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The Group`s unaudited interim results for the 26 week period are scheduled to be announced on Monday, 21 February 2011. 14 January 2011 Cape Town JSE Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Ltd NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 14/01/2011 11:00:03 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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