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LEW - Lewis Group Limited - Trading update for the nine months ended December

Release Date: 27/01/2012 07:05
Code(s): LEW
Wrap Text

LEW - Lewis Group Limited - Trading update for the nine months ended December 2011 Lewis Group Limited Reg No. 2004/009817/06 JSE Share Code: LEW ISIN: ZAE000058236 ("the group") TRADING UPDATE FOR THE NINE MONTHS ENDED DECEMBER 2011 Merchandise sales for the quarter ended 31 December 2011 increased by 5.5% off a high comparative base of 13% last year. Revenue for the quarter increased by 7.7% and for the nine months ended 31 December 2011 Revenue grew by 7.1%. The improving trend in collections experienced in the latter stages of the second quarter continued into the third quarter to December 2011. Debtor costs for the nine months to December 2011 increased by 16% on the corresponding period, compared to an increase of 20% for the six months to September 2011. The above information has not been reviewed or reported on by the group`s auditors. Cape Town 27 January 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 27/01/2012 07:05:28 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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