| Tue 11 Jan 2011, 8:00 | | SHP - Shoprite Holdings Limited - Operating update |
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SHP
SHP
SHP - Shoprite Holdings Limited - Operating 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")
OPERATING UPDATE
The Group performed satisfactorily for the six months to December 2010, growing
turnover by 9,5% to R36,3 billion. Growth on a like-for-like basis was 2,8%.
For the month of December sales growth was 11,9%. This performance must be seen
against internal deflation of 1,2% for the six-month period.
Its supermarket operation in South Africa increased sales by 8,4% and by 3,2% on
a like-for-like basis.
Due to the continued weakening of most non-RSA currencies against the rand the
turnover of the Group`s non-RSA supermarkets in rand terms increased by only
3,0% and, on a like-for-like basis, by close to 1,0%. At constant currencies a
rand turnover growth of 13,5% was achieved.
Against the background of a furniture industry that was more unfavourably
affected by the current economy than most of the retail sector, the Group`s
furniture division grew sales by 4,3% 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, 22 February 2011.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000
Date issued 11 January 2011
Sponsor Nedbank Capital
Date: 11/01/2011 08:00:01 Produced by the JSE SENS Department.
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