d the business generated positive cash flows while interest earnings potential was curtailed due to the low interest rate environment during the period under review.
The group declared a $0,72 interim dividend payable on or about 30 March 2007 to shareholders.
The clothing group said trading conditions are likely to remain difficult due to erosion of consumer disposable incomes by persistent hyperinflation and foreign currency shortages. Units sold in the period October to December 2006 declined by 9% while overall first-half sales volumes slumped 21%.
1.3.2007
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Truworths earnings surge
TRUWORTHS has posted a $8,8bn turnover in the half year to 7 January 2007, up 1 782% from $465m achieved during the same period last year. Earnings before taxation surged 2 339% to $4 573m while earnings per share went up 2 319% to $8,71. Operating earnings grew by 2 396% to $4,3bn.
Truworths sai
Truworths sai