Foschini keeps exceeding expectations, with consistently good results off an ever-higher base. For the year to end-June 2006 there was turnover growth of 21,8%. Earnings per share were 450c, the latest peak on a climb from 88c in 2002, and the dividend per share was 220c (31c). During the same period, turnover doubled to R7,3bn and operating profit nearly quintupled to R1,5bn. Growth should continue but not at the same rate, given the squeeze on credit.
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