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TRU - Truworths International Limited - Business Update

Release Date: 10/11/2011 09:30
Code(s): TRU
Wrap Text

TRU - Truworths International Limited - Business Update Truworths International Limited (Incorporated in the Republic of South Africa) (Registration number 1944/017491/06) JSE Code: TRU NSX Code: TRW ISIN: ZAE000028296 BUSINESS UPDATE Truworths International Limited (the Group) announces that Group retail sales for the first 19 weeks (from 27 June until 6 November 2011) of the 2012 financial period increased by 9.3% to R 3.0 billion relative to the corresponding period in the 2011 financial period. Comparable (same store) retail sales increased by 4.7% and product inflation averaged 8%.Credit sales comprised 73% of retail sales (2011: 71%) during the period, whilst trading space increased by 6.2% relative to the prior corresponding period-end. Gross trade receivables increased to R 3.4 billion and were 15.6% higher than the prior corresponding period-end which is in line with management`s strategy of growing credit in Identity. The receivables` book continued to perform in accordance with management`s expectations. Shareholders are advised that this update does not constitute an earnings forecast, and that the financial information provided has neither been reviewed nor reported on by the external auditors. The 2012 financial period will comprise 53 trading weeks, with the interim results for the 26 week period ending December 2011 scheduled for release on or about 23 February 2012. 10 November 2011 Cape Town JSE Sponsor: One Capital NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd Date: 10/11/2011 09:30:11 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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