Group retail sales for the 52 weeks ended 07 July 2013 increased by 8.2% to US$23,825,952 from 52 week period ended 08 July 2012.
Profit before tax of US$1,598,198 grew by 81.3% to achieve an operating margin os 6.7 compared to 4% in the prior year.
Individual chain performance was as follows:
| Value Increase | |
| truworths | 10.2% |
| Topics | 3.3% |
| Number 1 | 26.9% |
The number of accounts increased by 8.2% over the comparative period to 76,500 accounts.
Net bad debt as a percentage of credit sales was 1.3% compared to 1.8 in the prior period.
Dividend
The board resolved to declare a dividend from profits in respect of the 52 week period ended 07 July 2013 in the amount of 0.078 cents per share, payable on or about 29 November 2013.
