Truworths International Ltd has announced its unaudited group interim results for the 26 weeks ended 31 December 2023, showcasing robust financial growth and an enhanced dividend payout to shareholders.
Financial Highlights
The company’s interim results reveal a commendable performance across various key metrics:
| Metric | Amount | Increase (%) |
|---|---|---|
| Sale of merchandise | R11.8 billion | +8.5% |
| Retail sales | R12.2 billion | +8.2% |
| Gross profit margin | 53.6% | – |
| Operating margin | 24.5% | – |
| Earnings per share | 531.5 cents | +4.3% |
| Headline earnings per share | 512.6 cents | +3.6% |
| Diluted headline earnings per share | 504.8 cents | +3.6% |
| Cash generated from operations | R2.7 billion | +58.8% |
| Net asset value per share | Up by 19.1% | – |
Dividend Declaration
In line with the impressive financial performance, Truworths International Ltd has declared an interim gross cash dividend of 332 South African cents per ordinary share. This represents a 3.8% increase from the previous year’s dividend.
Important Dates for Shareholders
Conclusion
The company’s robust financial performance and increased dividend payout reflect its resilience and strategic management amidst challenging market conditions. Truworths International Ltd continues to deliver value to its shareholders while maintaining its position as a leading fashion retailer in South Africa and beyond.
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