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Fashion retailer TFG swings to annual profit, resumes dividend

reuters.com · 06/10/2022 03:07
Fashion retailer TFG swings to annual profit, resumes dividend

- South African fashion retailer TFG FHNIY swung to a full-year operating profit, it said on Friday, as it recovered from COVID-19 restrictions which forced store closures across all its three markets.

The clothes, homeware and jewellery retailer said operating profit before finance costs for the year ended March 31 came in at 4.8 billion rand ($310.91 million) from a loss of 719.2 million rand.

TFG, formally known as The Foschini Group, also resumed annual dividend payouts, declaring a final dividend of 330 cents per share.


($1 = 15.4385 rand)


(Reporting by Nqobile Dludla
Editing by Promit Mukherjee)

((nqobile.dludla@thomsonreuters.com; +27103461066;))