CHRIS GILMOUR: TFG can hold its head high over swift adjustments
Trading expenses and the net debt to equity ratio declined while group online turnover rose
10 November 2020 - 19:59
Anyone unfamiliar with the impact of the Covid-19 pandemic on the discretionary retail sector would take one look at TFG’s interim results to end-September and run for the hills.
Group revenue fell 26% to R14bn, operating profit was 88% down at R280m and the group made a headline loss per share of 91c against the positive 531c of the previous interim. ..
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