MPC - Mr Price Group Limited - Trading update to 1 August 2009 and report on
MPC
MPC
MPC - Mr Price Group Limited - Trading update to 1 August 2009 and report on
proceedings at annual general meeting
Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE000026951
JSE share code: MPC
("Mr Price" or "the company")
TRADING UPDATE TO 1 AUGUST 2009 AND REPORT ON PROCEEDINGS AT ANNUAL GENERAL
MEETING
Trading update
This Mr Price trading update is for the first four months of the financial year
ending 31 March 2010 (18 weeks to 1 August 2009). Total sales grew by 11.9% over
this period and comparable sales grew by 9.2%. Inflation of 9.7% was recorded.
Cash sales constituted 82% of total sales.
The Apparel Division, which represents 71.3% of group sales and which comprises
Mr Price, Mr Price Sport and Miladys, reported sales growth for the period of
15.1% and comparable sales growth of 11.8%. Inflation of 7.9% was recorded.
The Home Division, comprising Mr Price Home and Sheet Street recorded sales
growth of 4.7% and an increase in comparable sales of 3.2%. Inflation of 12.8%
was recorded.
The abovementioned figures have not been reviewed and reported on by the
company`s auditors and this trading update does not constitute an earnings
forecast.
Report on proceedings at annual general meeting
At the 76th annual general meeting of the shareholders of Mr Price held today,
27 August 2009, ordinary resolutions numbers 1-14 and special resolution number
1 were passed.
Special resolution number 1 will be lodged for registration with the Companies
and Intellectual Property Registration Office in due course.
Durban
27 August 2009
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/08/2009 16:30:03 Produced by the JSE SENS Department.
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