Q2 2020 Truworths International Ltd Earnings Call Transcript
Good afternoon, everybody. I'm welcoming all the people in the room here with us and also the webcast participants.
I apologize for my throat. As you can hear, I've got a bit of a laryngitis attack, happened last night. So I'll do my best. And if necessary, other people will support me.
The format of the presentation is the same as always. So I'm not going to go through that with you. Looking at a high-level summary of our performance, I'm going to go through the numbers, you already know. Gross margin, slightly up. The trading expenses have been very well maintained. We once, again, generated lots of cash. And essentially, we don't have any debt anymore. Not strictly true though, because if we paid creditors there'd be a bit of debt, the month-end and all that. But essentially, we -- the group has hardly got any debt.
Diluted HEPS and HEPS went up. The Truworths African business grew by 2.7% with a small growth in like-for-like sales completely driven really by account sales growth with cash
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