Trowthers' fashion store profits fall 2.6%

Treasure International South Africa's profits declined by 2.6% during the fiscal year, due to challenges faced by consumers that led to a slowdown in retail sales, particularly in Africa and the United Kingdom. Despite this, the company continued investing in its operations and announced a final dividend of 153 cents per share, with the diluted earnings per share decreasing to 732.2 cents over 52 weeks. The African and European markets are among the most significant markets affecting the company's performance, with sales dropping to 21.8 billion rand compared to 22 billion in the previous year.

Size: 120%Text Size

Notice: This Is an AI-Generated Summary

Display The Full Article