TFG notes return to profit after Covid-19-induced loss

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TFG notes return to profit after Covid-19-induced loss
United States Latest News,United States Headlines
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The retail group suffered its first-ever loss in its year to end-March, but it has been boosted by Jet and a reopening of stor

TFG, the owner of American Swiss, Totalsports, Jet and Markham, has returned to headline profit after its first-ever loss in its 2021 financial year, when lockdowns in the UK, Australia and SA resulted in forced store closures.

The retailer released a trading statement reporting that headline earnings per share, the main profit measure used in SA, would increase by at least 364c from a loss of 91c for the half year to end-September. ..A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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