South African fashion retailer Truworths posts 12% rise in annual profit ...Middle East

FFILE PHOTO: A shopper walks past a Truworths shop with “Sale” advertisements on its window, in Sandton, near Johannesburg, South Africa, July 27, 2023. REUTERS/Siphiwe Sibeko Acquire Licensing Rights JOHANNESBURG, Aug 31 (Reuters) – South African fashion retailer Truworths on Thursday posted a 12% rise in annual profit after it opened new stores and implemented cost saving measures to counter a tough inflationary environment. For the year ended July 2, Truworths reported headline earnings per share – a profit measure – of 8.73 rand, up from the 7.8 rand posted in the previous year, which in trading terms was one week shorter. As well as the impact of high inflation, South African

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