"The pro-forma performance for a comparable 52-week period is to be announced in conjunction with the group's audited results‚ which are expected to be published on or about 15 August‚" the company said.
In the current period‚ group retail sales increased by 12.7% (10.4% for the comparable 52-week period) to R9.1bn while product inflation averaged 8%. Comparable store retail sales grew by 8.4% (6.3% for the comparable 52-week period) for the current period and trading space increased by 6.3% relative to the prior period-end.
The comparable 52-week retail sales and comparable store retail sales information was extracted from the group's management accounts.
At the end of the current period the group's gross trade receivables had increased by 14% to R3.8bn relative to the prior period-end. Credit sales contributed 73% (prior period 71%) to retail sales and the receivables book continued to perform in accordance with management's expectations.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
