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Rex Trueform reports decline in earnings and revenue
The Mercury
|March 31, 2025
INVESTMENT holding group Rex Trueform passed the dividend after subdued sales at its clothing stores and headline earnings fell 3% to 97 cents in the six months to December 31.
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The group, which has more than 100 retail stores among its investments, on Friday reported a 4.5% decline in revenue to R558.1 million, while its property portfolio marging appreciated to 52.8% from 46.5%.
The operating profit increased 9.6% to R45.6m. Net asset value increased to R21.17. The thinly traded share price remained at R11.27 on Fri day afternoon on the JSE.
CEO and significant shareholder Marcel Golding said in the results announcement that South Africa’s eco nomic growth is forecasted at 1.5% for 2025, an improvement on 2024, but still well below the desired growth levels, with energy and logistics issues being the driving factors behind the low growth forecasts.
Cette histoire est tirée de l'édition March 31, 2025 de The Mercury.
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