Truworths books record profit
Group CEO Michael Mark says the results reflect strong organic growth as there have been no material acquisitions since 2016
02 September 2022 - 13:38
Truworths International, which owns the Naartjie, Identity and YDE brands, has reported its best results to the benefit of shareholders through dividends and share buybacks.
The group, which has reported improved trading in its UK shoe chain, Office, and higher gross margins in its SA clothing business, said its headline earnings per share (HEPS), a key profit measure in SA, increased by 50% to R7.80 in the year to July 3. The clothing group’s previous best HEPS of R6.67 were reported in 2016...
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