FY Results – Retail sales +11.4% to R20.6bn. GP margin fell 1% to 52.5%. Operating margin came in at 24%, down 0.7%. Headline Earnings Per share were up 12%. The dividend was hiked 12% to 565c. Comparable period was 53-weeks, and SARS owes Truworths R105m from a VAT dispute.
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