Fashion retailer TFG swings to annual profit, resumes dividend

China Cultural Tourism and Agriculture

10/06/2022 08:07

JOHANNESBURG, June 9 (Reuters) - South African fashion
retailer TFG  TFGJ.J  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;))