SHP
SHP
SHP/SRH - Shoprite Holdings Limited - Trading update at annual general meeting
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1936/007721/06)
ISIN no: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
("the Group")
TRADING UPDATE AT ANNUAL GENERAL MEETING
The Shoprite Group continued to grow turnover satisfactory for the 3-month
period to September 2007. Although turnover grew at 25.9% it must be seen
against the national industrial action during the previous corresponding period.
Caution should therefore be exercised not to project the same turnover increase
over the next three months.
The Group is satisfied with its African operation where turnover grew by 33.8%
for the 3 months.
Sales in OK Furniture were slower than normal with a turnover increase of 8.4%
mainly as a result of higher interest rates and the introduction of the National
Credit Act.
Market share lost in the previous year as a result of the industrial action has
been regained.
The Management of the Group expect good sales over the Christmas period.
Cape Town
29 October 2007
Sponsor
Nedbank Capital
Date: 29/10/2007 09:00:01 Produced by the JSE SENS Department.
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