SOUTH AFRICA: Retailer Foschini Reports EPS Up 75 Per Cent
Improved gross margins and tighter control on costs helped South African clothing retailer Foschini to a 75 per cent surge in annual headline earnings per share. Headline earnings per share (EPS) - which strip out exceptional items and their tax effects - rose to 87.9 cents in the 12 months to 31 March compared to 50.1 cents a year before.
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