TRUWTHS:  4,962   -63 (-1.25%)  05/12/2019 00:00

Truworths: Hits 9-year low after FY profit tumbles

** Shares of South African fashion retailer Truworths are down 6.37% at 54.21 rand at 1118 GMT

** Stock hits weakest level since August 2010

** Profit before tax for the year ended June 30 tumbles 57.5% to 1.56 billion rand ($102.72 million)

** Profit hit by 97 million pound impairments of UK-based Office

** Retailer is considering closing loss-making stores of shoe chain Office ($1 = 15.1875 rand) ($1 = 0.8225 pounds) (Reporting by Nqobile Dludla)

2019-08-16 13:43:44

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