MSM
MSM
MSM - Massmart - Sales Update
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1940/014066/06)
Share Code: MSM
ISIN Code: ZAE000029534
("Massmart")
Sales Update
Included in the Massmart June 2009 annual report, to be released on
Massmart`s website and distributed to shareholders in the next few days, are
the following paragraphs:
"For the 14 weeks to 4 October 2009, total sales increased by 5.0% and
comparable sales increased by 0.7%.
"As is evident in the first 14 weeks` sales, the consumer remains under
pressure. Until there are clear signs of recovery in consumer expenditure,
management remains focused on protecting the income statement and balance
sheet, while continuing to invest for growth where returns are clear.
"The first half of the 2010 financial year will undoubtedly be very difficult
compared to the reasonably resilient first half of last year, which could see
profits decline. Profit growth for the full year will depend on the
recession coming to an end by the middle of the financial year."
The above information has not been reviewed or reported on by Massmart`s
external auditors.
Johannesburg
27 October 2009
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 27/10/2009 13:43:01 Produced by the JSE SENS Department.
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