Jump in profit for Rex Trueform as store expansion continues
The owner of Queenspark opened eight new stores in its year to end-June, resulting in a 15.5% rise in turnover
01 October 2019 - 09:10
Rex Trueform, which is controlled by a consortium led by trade unionist turned businessperson Marcel Golding, said on Monday that its focus on cutting costs and expanding its footprint resulted in a in a 77% jump in operating profit in its year to end-June.
The Queenspark owner opened eight new stores during the period, bringing its total to 77...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.