REVIEWED PRELIMINARY CONDENSED RESULTS
for the year ended 31 march 2009
Condensed consolidated income statement
| 2009 | 2008 | ||
| Reviewed | Audited | % | |
| Rm | Rm | change | |
| Revenue (note 4) | 9 988,9 | 9 253,6 | 7,9 |
| Retail turnover | 8 089,6 | 7 668,7 | 5,5 |
| Cost of turnover | (4 694,4) | (4 479,2) | |
| Gross profit | 3 395,2 | 3 189,5 | |
| Interest received (note 5) | 1 300,7 | 1 056,4 | |
| Dividends received | 19,1 | 17,2 | |
| Net trading expenses (note 6) | (2 689,5) | (2 357,6) | |
| Operating profit before finance charges | 2 025,5 | 1 905,5 | 6,3 |
| Interest paid | (249,8) | (120,1) | |
| Income from associate | – | 0,9 | |
| Profit before tax | 1 775,7 | 1 786,3 | |
| Income tax expense | (564,4) | (580,2) | |
| Profit for the year | 1 211,3 | 1 206,1 | |
| Attributable to: | |||
| Equity holders of Foschini Limited | 1 145,8 | 1 128,4 | 1,5 |
| Minority interest | 65,5 | 77,7 | |
| Profit for the year | 1 211,3 | 1 206,1 | |
| Earnings per ordinary share (cents) | |||
| Basic | 559,5 | 547,0 | 2,3 |
| Headline | 559,5 | 547,0 | 2,3 |
| Diluted (basic) | 553,0 | 538,0 | 2,8 |
| Diluted (headline) | 553,0 | 538,0 | 2,8 |
| Dividend per ordinary share (cents) | |||
| Interim | 118,0 | 118,0 | |
| Final | 170,0 | 170,0 | |
| Total | 288,0 | 288,0 | |
| Dividend cover | 1,9 | 1,9 | |