Truworths weathers the storm to declare interim dividend

Truworths SENS announcement:

Truworths International is an investment holding and management company listed on the JSE and the Namibian Stock Exchange. Its principal trading entities, Truworths and Office Holdings, are engaged directly or indirectly through subsidiaries, concessions, agencies or wholesale partners, in the cash and account retailing of fashion clothing, footwear, homeware and related merchandise. The company and its subsidiaries operate primarily in South Africa and the United Kingdom, and have a presence in Germany, the Republic of Ireland and other sub-Saharan African countries.

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• Sale of merchandise R9.4bn – 2019: R10.2bn down 8.9%
• Retail sales R9.7bn – 2019: R10.5bn down 8.5%
• Gross margin 51.5% – 2019: 52.5% down 100bps 
• Operating profit R1.9bn – 2019: R2.2bn down 17.5%

Interim Dividend 

The directors of the company have resolved to declare a gross cash dividend from retained earnings in respect of the 26-week period ended 27 December 2020 in the amount of 232 South African cents (2019: 249 South African cents) per ordinary share to shareholders reflected in the company's register on the record date, being Friday, 12 March 2021.