South African fashion retailer TFG swings to H1 profit, resumes dividend

China Cultural Tourism and Agriculture

11/11/2021 07:10

JOHANNESBURG, Nov 11 (Reuters) - South African fashion
retailer TFG  TFGJ.J  swung to a half-year headline profit, it
said on Thursday, as it recovered from COVID-19 restrictions
which forced store closures across its markets.
    It also said it was resuming dividend payouts.
    The clothes, homeware and jewellery retailer said headline
earnings per share (HEPS), the main profit measure in South
Africa, came in at 393.4 cents in the six months ended Sept. 30,
up from a loss of 83.3 cents in the same period last year.
    TFG, formally known as The Foschini Group, declared an
interim dividend of 170 cents per share. 

 (Reporting by Nqobile Dludla; Editing by Susan Fenton)
 ((nqobile.dludla@thomsonreuters.com; +27103461066;))