rex trueformResults mirror difficult period

Rex Trueform performed poorly in the six months to December last year, with the clothing company reporting yesterday that interim headline earnings a share fell 24.6 percent to 80.5c and operating profit declined by 16 percent to R20.8 million. The firm, which is home to Queenspark fashion store, said its net margins were affected by the withdrawal of duty credit certificate benefits and a rise in operational costs. Sales in the Queenspark division grew by 4.9 percent during a period that it described as difficult. – Nompumelelo Magwaza