Foschini profit drops

CLOTHING retailerFoschini has posted a 6,3percent fall in full-year profit hit by lower consumer demand, which it expects to improve in the coming year.

CLOTHING retailerFoschini has posted a 6,3percent fall in full-year profit hit by lower consumer demand, which it expects to improve in the coming year.

Foschini, which runs stores of the same name and Markhams, said yesterday headline earnings per share fell to 521,4 in the year to end March compared with 559,5 cents a year earlier. - Reuters

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