South African retailer TFG's profit drops on weak overseas trade

South African retailer TFG's profit drops on weak overseas trade

South African fashion retailer TFG reported a 6.8% ​decline in half-year earnings on Friday after weaker ‌trading in its Australian and British businesses outweighed gains from cost cuts and store closures in its core African market.

TFG’s Profit Slipped As Its Overseas Brands Weighed

Half-year earnings fell 6.8% as weaker results in the UK and Australia offset cost cuts and store closures in its African core.

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