TFG Reports Profit Drop on Weak Overseas Trade
South African retailer TFG posted a 6.8 percent decline in half-year earnings as weaker trading in Australia and Britain offset gains in its domestic market.
Insights:
South Africa fashion retailer TFG reported a 6.8% decline in half-year earnings on Friday morning after weaker overseas trade. The drop outweighed gains from store closures and cost cuts in its domestic market.
