MSM - Massmart - Sales update for the 53 weeks to 29 June 2008
MSM
MSM
MSM - Massmart - Sales update for the 53 weeks to 29 June 2008
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 53 weeks to 29 June 2008
Massmart Group`s total sales for the 53-week period increased to R39.8 billion,
a growth of 14.7% over the prior year, with inflation estimated at 7.5%.
Comparing this year`s 52-week period to the same period last year shows total
sales growth of 12.3% and comparable store sales growth of 10.9%.
Divisional total sales growth for the 53-week period (the 52-week figure is
shown in brackets) was as follows:
* Massdiscounters increased by 10.8% (7.8%) with inflation of 2.7%;
* Masswarehouse increased by 17.4% (15.2%) with inflation of 7.2%;
* Massbuild increased by 14.5% (12.5%) with inflation of 7.5%; and
* Masscash`s wholesale cash & carry outlets increased by 18.8% (16.5%)
with inflation of 13.3%.
Massmart`s reviewed preliminary results for the financial year to June 2008
will be published on 21 August 2008.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
10 July 2008
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 10/07/2008 09:03:01 Produced by the JSE SENS Department.
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