BRIEF-The Foschini Group HY Headline Loss/Share 91 Cents

  • Reuters
  • Stock Market News
BRIEF-The Foschini Group HY Headline Loss/Share 91 Cents
Credit: © Reuters.

Nov 5 (Reuters) - Foschini Group Ltd TFGJ.J :

* THE FOSCHINI GROUP LTD - NO INTERIM DIVIDEND HAS BEEN DECLARED (SEPT 2019: 335,0 CENTS PER SHARE)

* THE FOSCHINI GROUP LTD - HY HEADLINE LOSS PER SHARE OF 91,0 CENTS DOWN 117,1%

* THE FOSCHINI GROUP LTD - HY GROUP REVENUE DOWN 25,3% TO R13,9 BILLION

* THE FOSCHINI GROUP LTD - REDUCTION IN NET DEBT FROM R8,4 BILLION (MARCH 2020 PRE-IFRS 16) TO R2,3 BILLION

* THE FOSCHINI GROUP LTD - ACQUISITION OF JET BUSINESS IN SOUTH AFRICA FOR A PURCHASE CONSIDERATION OF R333,2 MILLION

* THE FOSCHINI GROUP LTD - REDUCTION IN NET DEBT FROM R8,4 BILLION (MARCH 2020 PRE-IFRS 16) TO R2,3 BILLION (SEPT 2020 PRE-IFRS 16)

* THE FOSCHINI GROUP LTD - OUTLOOK FOR TRADING CONDITIONS REMAIN UNCERTAIN AS CONSUMER CONFIDENCE REMAINS UNDER PRESSURE

* THE FOSCHINI GROUP - ANY RE-INTRODUCTION OF SIGNIFICANT LOCKDOWNS WOULD HAVE A FURTHER MATERIAL AND NEGATIVE IMPACT ON OUR BUSINESS

* THE FOSCHINI GROUP LTD - FURTHER LOCKDOWNS AS A RESULT OF SECOND WAVE OF COVID-19 INFECTIONS HAVE ALREADY BEEN EXPERIENCED IN TFG AUSTRALIA

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