Profit of Queenspark owner Rex Trueform tumbles on clothing stores loss
Heps plunges 84% despite rising profit from the property and water divisions
28 March 2021 - 19:15
The half-year headline earnings of investment holding company Rex Trueform, owner of the Queenspark fashion retailer, plummeted more than 80% as its clothing stores made a loss.
The company owns 78 Queenspark stores, properties in Salt River, Cape Town, and holds a stake in SA Water Works Holding Company, a public-private partnership, which resulted from a move to diversify the apparel business in 2019. ..
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.