Retailer Truworths, which owns YDE, expects headlines earnings per share to drop 30% for its 2020 financial year
Truworths store in Illovo, Johannesburg. Picture: FREDDY MAVUNDA
“An impairment of the group’s carrying value of the Office trademarks and right-of-use assets relating to store leases will be required during the 52-week financial period ending on June 28 2020,” Truworths said. Truworths has not been allowed to trade under SA’s initial level 5 lockdown regulations. It resumed trading on May 1 under level 3 guidelines.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Evergreen retirement village operator aims to grow tenfold by 2030CEO Cobus Bedeker expects ‘tremendous demand’ for retirement options based on life rights
Read more »
PSG’s Evergreen retirement village operator aims to grow tenfold by 2030CEO Cobus Bedeker expects ‘tremendous demand’ for retirement options based on life rights
Read more »
PSG’s Evergreen retirement village operator aims to grow tenfold by 2030CEO Cobus Bedeker expects ‘tremendous demand’ for retirement options based on life rights
Read more »
SA households rapidly lost R800bn in real net wealth, but rebound seenSouth Africans' pension funds and other investments like unit trusts have been hit hard by sharp declines in the value of shares and bonds
Read more »
Afghan ceasefire holds as prisoner release expectedThe Taliban made the three-day truce offer that started Sunday to mark the Eid al-Fitr holiday - a move swiftly welcomed by the government, which reciprocated by announcing plans to free insurgent prisoners.
Read more »
Level 3 lockdown: Here's what's allowed from June 1 and what isn'tThe move to level 3 lockdown on June 1 brings with it the opening of most sectors of the economy as well as the relaxation of a number of regulations which governed the movement of individuals under levels 4 and 5.
Read more »