SOUTH AFRICA: Truworths Sees 43.7 Per Cent Earnings Jump
Leading South African fashion chain Truworths on Thursday reported a better-than-expected 43.7 percent jump in full-year earnings and said it was optimistic of solid growth in the current fiscal year. The operator of 235 stores said in a statement its pre-tax profit soared to 457.8 million rand from 311 million rand in the year-ago period while turnover climbed to 1.98 billion rand from 1.59 billion rand in 2001.
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