| Tue 17 Jul 2007, 11:37 | | SHP - Shoprite Holdings Limited - Trading statemen |
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SHP
SHP
SHP - Shoprite Holdings Limited - Trading statement
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
("The Group")
TRADING STATEMENT
For the 12 months to end June 2007 the Shoprite Group increased total turnover
by 16,2% to about R38,9 billion. During this period internal food inflation rose
to 6,0% compared to less than 3,0% during the corresponding 12 months.
The Shoprite brand, the group`s core business, grew turnover 14,2% despite
substantial sales losses incurred during the extended industrial action in the
first half of the financial year. Turnover in existing stores rose by 8,1%.
The Checkers brand, less affected by this action, showed turnover growth of
15,0% and growth in existing stores of 10,1%.
Both major chains reported a satisfactory increase in both basket size and the
number of customer transactions.
Usave, growing strongly off a relatively low base, achieved turnover growth of
35,2% while increasing sales in existing stores 21,0%.
The Furniture Division continued to operate for most of the reporting period in
a near deflationary environment, especially in respect of appliances and home
entertainment. It nevertheless achieved turnover growth of 14,1%.
The Group`s non-RSA operations continued its robust growth of the first half and
ended the year with turnover 29,1% higher. The strongest contributions came from
Zambia, Mozambique and Angola, while Nigeria has also started to make a
meaningful contribution.
The above financial information has not been reviewed or reported on by the
Shoprite Holdings auditors. The results for the 12 months to June 2007 are
expected to be published on 29 August 2007.
Whitey Basson, CEO, or Carel Goosen, deputy managing director (tel 021 980
4000).
Date issued 17 July 2007
Sponsor Nedbank Capital
Date: 17/07/2007 11:37:02 Produced by the JSE SENS Department.
