MSM
MSM
MSM - Massmart - Sales update for the 52 weeks to 24 June 2007
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/05)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Company")
Sales update for the 52 weeks to 24 June 2007
Massmart`s continuing sales increased to R34.7 billion, a growth of 16.3%
on 2006. Comparable store sales grew 13.0%. Total sales growth including
Furnex in the prior year was 14.5%.
Inflation for the year across the Massmart Group is estimated at 4.9%,
comprising inflation of 0.5% in General Merchandise, 8.1% in Food and
Liquor, and 6.5% in Home Improvement.
Divisional sales growth was as follows:
- Massdiscounters grew 15.7% with inflation of 1.3%;
- Masswarehouse grew 14.4% with inflation of 4.7%;
- Massbuild grew 27.3% with inflation of 6.5%;and
- Masscash, excluding Furnex in the prior year, grew 14.2%, with
inflation of 8.7%.
Massmart`s reviewed results for the year ended June 2007 will be published
on 23 August 2007.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
5 July 2007
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 05/07/2007 12:31:26 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
