S.African retailer TFG posts higher Q4 sales on Jet acquisition boost

  • Reuters
  • Stock Market News
S.African retailer TFG posts higher Q4 sales on Jet acquisition boost
Credit: © Reuters.

JOHANNESBURG, May 14 (Reuters) - South African fashion retailer TFG TFGJ.J reported turnover growth of 21% in the fourth quarter ended March, aided by the contribution of recently acquired budget clothing retailer Jet, it said on Friday.

Excluding Jet, turnover for the quarter from January to March grew by 6% compared to the same period a year ago, the retailer said.

TFG bought Jet in September from struggling department chain owner Edcon after it filed for business rescue earlier last year.

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