Lewis sales increase

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Johannesburg - Lewis Group (LEW) said Monday that group revenue for the quarter ended December 2012 increased by 5.6% with merchandise sales increasing by 2.7%.

“Trading conditions for the quarter ended 31 December 2012 proved challenging following the labour instability in the mining and transport sectors which impacted on both sales and collections‚” the company said.

Revenue for the nine months ended December 2012 grew by 6.2% and merchandise sales for the nine month period increased by 4.8%.

Debtor costs for the nine months to December 2012 increased by 5.4% (R23 million) on the corresponding period. - I-Net Bridge

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