MSM - Massmart Holdings - Sales Update For The 26 Weeks To 23 December 2007
MSM
MSM
MSM - Massmart Holdings - Sales Update For The 26 Weeks To 23 December 2007
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/05)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Group")
Sales update for the 26 weeks to 23 December 2007
Massmart Group`s total sales increased to R20.1 billion, a growth of 11.6% over
the prior year, with inflation estimated at 6.3%. Comparable store sales grew
9.5%.
In this our 53 week trading year, it is important to note that the significant
trading day of 24 December 2007 fell in the 27th week of the Group`s retail
calendar and so is not included in the figures shown above. The Group`s total
and comparable sales growths for the 27 weeks were 12.0% and 10.0% respectively,
a more accurate reflection of sales performance over the period.
Divisional total sales growth for the 26 week period was as follows:
- Massdiscounters grew 7.8% with inflation of 2.7%;
- Masswarehouse grew 12.6% with inflation of 5.9%;
- Massbuild grew 16.2% with inflation of 7.4%; and
- Masscash`s wholesale cash & carry outlets grew 15.4% with inflation of
10.4%.
Massmart`s reviewed interim results for the six months ended December 2007 will
be published on 28 February 2008.
The above information has not been reviewed or reported on by the Group`s
auditors.
Johannesburg
10 January 2008
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 10/01/2008 11:10:04 Produced by the JSE SENS Department.
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