TFG – the JSE-listed vertically integrated clothing, homeware and furniture retailer – has staged a strong ‘post Covid’ recovery, with full-year revenue hitting a record R46.2 billion for its year ended 31 March 2022. Moneyweb TFG
TFG – the JSE-listed vertically integrated clothing, homeware and furniture retailer – has staged a strong ‘post Covid’ recovery, with full-year revenue hitting a record R46.2 billion for its year ended 31 March 2022. The group’s latest results, published on Friday, shows that revenue for the year surged almost 30% from the Covid-hit 2021 financial year, while group retail turnover shot up 31.6% to R43.4 billion.
“The group delivered a robust post-Covid-19 recovery during the past financial year… Retail outlets delivered a strong trading performance as economic activity resumed in the wake of reduced restrictions on movement and travel,” it notes in a Sens results statement. Read:Foschini Group rebounds from devastation of Covid and July looting spree “In South Africa, the restrictions were eased to adjusted Level 1 from 1 October 2021.
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