| Wed 13 Jan 2010, 8:00 | | SHP - Shoprite Holdings Limited - Operational Update |
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SHP
SHP
SHP - Shoprite Holdings Limited - Operational 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")
OPERATIONAL UPDATE
The Group performed satisfactorily in the six months to 31 December 2009,
growing turnover by 11,9% to R33,1 billion. Growth on a like-for-like basis
was 6,4%. This performance must be seen against internal inflation that
dropped to under 3% in December 2009.
Its supermarket operation in South Africa increased sales by 14,6% and by 9,1%
on a like-for-like basis.
Due to the weakening of most non-RSA currencies against the rand the turnover
of the Group`s non-RSA supermarkets in rand terms declined by 4,3% and, on a
like-for-like basis, by 9,3%. At constant currencies an acceptable rand
turnover growth of 16,3% was achieved.
Against the background of a furniture industry that was more unfavourably
affected by the economic downturn, the Group`s furniture division sales grew
by 11,5% for the six months.
The above financial information has not been reviewed or reported on by
Shoprite Holding`s auditors. The financial results for the review period will
be published on Tuesday, 23 February 2010.
Whitey Basson Carel Goosen
Chief Executive Deputy Managing Director
Tel 021 980 4000
Date issued 13 January 2010
Sponsor Nedbank Capital
Date: 13/01/2010 08:00:04 Produced by the JSE SENS Department.
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