BRIEF-The Foschini Group Says Q3 Group Turnover Growth Of 5,5%

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BRIEF-The Foschini Group Says Q3 Group Turnover Growth Of 5,5%
Credit: © Reuters.

Jan 19 (Reuters) - Foschini Group Ltd TFGJ.J :

* JSE: TFG - TRADING UPDATE FOR Q3 FY2021 AND THE NINE MONTHS TO 26 DECEMBER 2020

* THE FOSCHINI GROUP LTD - TFG AFRICA Q3 FY2021 TURNOVER GROWTH OF 14,7% (EXCLUDING JET FLAT ON PRIOR YEAR)

* THE FOSCHINI GROUP LTD - FURTHER APPROVALS RECEIVED FOR ACQUISITION OF REMAINDER OF JET'S OPERATIONS IN AFRICA

* THE FOSCHINI GROUP - GROUP ONLINE TURNOVER FOR NINE MONTHS TO 26 DECEMBER CONTRIBUTED 12,0% (COMPARABLE PRIOR PERIOD: 8,1%) TO TOTAL GROUP TURNOVER

* THE FOSCHINI GROUP LTD - TRADING ENVIRONMENT ACROSS ALL THREE OUR MAIN TERRITORIES IS EXPECTED TO REMAIN CHALLENGING

* THE FOSCHINI GROUP LTD - CASH TURNOVER GROWTH FOR TFG AFRICA OF 36,5% FOR Q3 FY2021 AND 8,5% FOR NINE MONTHS TO 26 DECEMBER 2020

* THE FOSCHINI GROUP LTD - TFG AFRICA'S LIKE-FOR-LIKE TURNOVER GROWTH HAS BEEN PARTICULARLY ENCOURAGING WITH GROWTH OF 5,3% IN OCT AND 0,8% IN DEC

* THE FOSCHINI GROUP LTD - Q3 FY2021 GROUP TURNOVER GROWTH OF 5,5% COMPARED TO SAME PERIOD IN PREVIOUS FINANCIAL YEAR

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