Lewis shares slump

Weekend Argus (Saturday Edition) - - FRONT PAGE -

FUR­NI­TURE re­tailer Lewis Group ex­pects a drop in hal­fyear earn­ings of up to 45 per­cent, as its less af­flu­ent cus­tomers face tough eco­nomic con­di­tions, the com­pany said yes­ter­day, send­ing its shares down.

Lewis said head­line earn­ings per share for the six months ended Septem­ber will be be­tween 210 cents and 177 cents, com­pared with 322.6 cents last year.

Shares fell 8 per­cent to R38.30.

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