MSM - Massmart - Sales update for the 52 weeks to 27 June 2010
MSM
MSM
MSM - Massmart - Sales update for the 52 weeks to 27 June 2010
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 27 June 2010
The Group`s total sales for the 52-week period to 27 June 2010 were R47.5
billion, representing growth of 10.1% over the prior year`s 52-week period,
with overall deflation estimated at 0.4%. Comparable store sales increased by
2.6%.
Excluding African sales from both periods, the Group`s total sales and
comparable store sales increased by 12.1% and 4.5% respectively.
Divisional total sales growth for the 52-week period to 27 June 2010
(comparable sales are shown in brackets) were as follows:
- Massdiscounters increased by 8.5% (3.2%) with estimated deflation of
4.2%;
- Masswarehouse increased by 3.6% (3.6%) with estimated inflation of 2.8%;
- Massbuild increased by 13.9% (3.4%) with estimated inflation of 1.8%; and
- Masscash increased by 14.5% (0.6%) with estimated deflation of 0.6%.
Massmart`s reviewed preliminary results for the financial year to 27 June 2010
will be published on Thursday, 26 August 2010.
The above information has not been reviewed or reported on by the Company`s
external auditors.
Johannesburg
8 July 2010
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 08/07/2010 12:12:55 Produced by the JSE SENS Department.
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