| Wed 16 Jan 2008, 10:29 | | SHP - Shoprite Holdings Limited - Trading Update |
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SHP
SHP
SHP - Shoprite Holdings Limited - Trading Update
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 UPDATE
For the six months to 31 December 2007, the Shoprite Group grew turnover by
21,8% to R23,3 billion. Growth on like for like business was 16,5%. These
figures should be interpreted against the background of the industrial action
affecting the majority of Shoprite stores during the corresponding period in
2006. More meaningful assumptions can be made considering the December 2007
turnover, of which the growth was not affected by strike action and where the
Group grew by 16,1% and the like for like stores by 11,7% for the month.
Non-RSA business continued to perform satisfactorily and for the six months it
grew by 32,5% and 20,2% for like for like stores.
The furniture division`s sales, which are included in the Group figures, grew
by 3,2% for the six months and were largely affected by the new National
Credit Act, higher interest rates and a general downturn in purchases of
durable and semi-durable goods.
The above financial information has not been reviewed or reported on by the
Shoprite Holdings` auditors. The financial results for the review period will
be published on Tuesday, 19 February 2008.
Whitey Basson Carel Goosen
Chief Executive Deputy Managing Director
Tel 021 980-4000
Date issued 16 January 2008
Sponsor Nedbank Capital
Date: 16/01/2008 10:29:01 Produced by the JSE SENS Department.
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