JOHANNESBURG, July 20 (Reuters) - South Africa’s Truworths International expects full-year profit to fall by as much 3 percent, the fashion retailer said on Friday, as retail sales declined.
Diluted headline earnings per share (HEPS) for the 52-week period ended 1 July 2018 are expected to decrease by as much as 3 percent to between 601 cents and 615 cents per share compared with 621 cents from the comparable 52-week period the year before.
HEPS is the main profit measure used in South African that strips out certain once-off items.
Group retail sales decreased by 2.7 percent from 18.5 billion rand ($1 billion) to 18.0 billion rand.
Truworths results are expected to be released on 16 August. ($1 = 13.4300 rand) (Reporting by Tanisha Heiberg Editing by James Macharia)
