TFG, a South American fashion store, sees revenue decline by 15.3 % in the first half of the year.

Johannesburg, November 10 ( Reuters ): TFG ( TFGJ), a retailer of clothing in South Africa. J) reported a 15.3 % decline in half-year earnings, which was caused by an increase in power outages and higher interest rates.

According to the owner of the Foschini and Markham clothing manufacturers, article earnings per share for the six month ending on September 30 decreased from 464.6 percent in the same time last year to 393.6 percent.

Additionally, it announced a 150 cent time payout, down from 170 cents the previous year.

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