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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 earnings and headline
earnings per share for the first 26 weeks (from 2 July until 30 December 2012) of the 2013
financial year will be between 16% and 20% higher relative to the corresponding period in
the 2012 financial year.
In the 26 week period, Group retail sales increased by 14.8% to R5.5 billion. Comparable
store retail sales grew by 9.8%, trading space increased by 8.1% relative to the prior
corresponding period-end and product inflation averaged 3%.
At the end of the 26 week period the Group’s gross trade receivables had increased by
15.8% to R4.5 billion relative to the prior period-end. Credit sales contributed 72% (prior
period 73%) to retail sales. As anticipated by management, the credit environment has
become more challenging with consumer delinquency levels increasing nationally.
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 expected to be announced on or about Wednesday, 20 February 2013.
18 January 2013
Cape Town
JSE Sponsor: One Capital
NSX Sponsor: Old Mutual Investment Services (Namibia) (Pty) Ltd
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