TRUWTHS: 8,383 +258 (+3.18%)
South Africa's Truworths posts profit decline of over 7 percent
JOHANNESBURG, Aug 16 (Reuters) - South African fashion
retailer Truworths International reported a 7.3 percent
fall in annual profit on Thursday, in line with analyst
estimates, as consumers spent warily.
Truworths, which also runs British footwear chain Office,
said diluted headline earnings per share (HEPS) for the 52 weeks
to July 1 declined to 612.7 cents compared to the 53-week prior
period. This was in line with the average estimate of 612 cents
in a poll of eight analysts by Thomson Reuters I/B/E/S.
Headline EPS, a widely watched profit measure in South
Africa, strips out certain one-off, non-trading items.
Shares in Truworths rose 4.05 percent after the
(Reporting by Nqobile Dludla
Editing by Ed Stoddard)
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