Lewis feels impact of economic climate

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It reported a gross margin of 41.6%, an operating margin of 10.1% and headline earnings per share of 400.1 cents.

The total dividend declared was 200 centes per share.

The group said trading conditions continued to deteriorate during the year as economic growth slowed. The group's customer base was adversely impacted by the affordability assessment regulations, high levels of unemployment and the protracted drought affecting the rural economy.

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