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Lewis lifts sales 5.5%

Jan 27 2012 10:35 I-Net Bridge

Company Data

Lewis [JSE : LEW]

Last traded R76.08
Change R-0.52
% Change -0.68%
Cumulative volume 553,744
Market cap R7.46bn

Last Updated: 23/02/2012 at 15:18. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Retailer Lewis Group [JSE:LEW] on Friday said merchandise sales for the quarter ended December 31 2011 increased by 5.5% off a high comparative base of 13% last year.

"Revenue for the quarter increased by 7.7% and for the nine months ended December 31 2011, revenue grew by 7.1%," it said.

That company added that the improving trend in collections experienced in the latter stages of the second quarter continued into the third quarter to December 2011.

Debtor costs for the nine months to December 2011 increased by 16% on the corresponding period, compared to an increase of 20% for the six months to September 2011.

 

 
 
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