MSM - Massmart Holdings Limited - Sales update for the 52 weeks to 28 June 2009
MSM
MSM
MSM - Massmart Holdings Limited - Sales update for the 52 weeks to 28 June 2009
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000029534
("Massmart" or "the Company" or "the Group")
Sales update for the 52 weeks to 28 June 2009
The Group`s total sales for the 52-week period increased to R43.1 billion, a
growth of 10.4% over the prior year`s 52-week period, with inflation estimated
at 11.4%. Comparable store sales increased by 8.2%.
Comparing this year`s 52-week period to last year`s reported 53-week period
however, shows total sales growth of 8.4%.
Divisional total sales growth for the 52-week period (comparable sales are shown
in brackets) compared to the prior year`s 52-week period were as follows:
- Massdiscounters increased by 10.6% (8.9%) with inflation of 6.6%;
- Masswarehouse increased by 12.0% (10.0%) with inflation of 13.4%;
- Massbuild increased by 0.7% (-3.7%) with inflation of 11.4%; and
- Masscash increased by 13.9% (11.6%) with inflation of 14.0%.
In Masscash the change to the BATSA cigarette wholesaling model reduced total
sales growth in that division for the current 52-week period by approximately
4.9%. For the same reason, Group total and comparable sales growths were
reduced by approximately 1.4% each.
Massmart`s reviewed preliminary results for the financial year to June 2009 will
be published on 27 August 2009.
The above information has not been reviewed or reported on by the Company`s
auditors.
Johannesburg
8 July 2009
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 08/07/2009 16:30:04 Produced by the JSE SENS Department.
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