MSM - Massmart Holdings Limited - Sales Update for the 52 weeks to June 2011
MSM
MSM
MSM - Massmart Holdings Limited - Sales Update for the 52 weeks to June 2011
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share code: MSM
ISIN: ZAE000152617
("Massmart" or "the Company")
Sales Update for the 52 weeks to June 2011
Shareholders are advised that the Massmart Group`s total sales for the 52 weeks
to June 2011 increased to R53.0 billion, representing growth of 11.7% over the
prior 52-week period, with year-to-date deflation estimated at 1.3%. Comparable
store sales increased by 5.2%.
Total (and comparable) sales growths for each Division for the 52-week period,
and the product inflation rates, were as follows:
* Massdiscounters increased by 9.4% (3.7% comparable) with deflation of 7.3%;
* Makro increased by 10.5% (6.9%) with deflation of 0.4%;
* Massbuild increased by 14.1% (7.2%) with inflation of 0.8%; and
* Masscash increased by 13.1% (4.1%) with inflation of 2.1%.
The higher sales levels associated with the FIFA World Cup Soccer tournament in
May and June 2010 reduced total and comparable sales growths in Massdiscounters
and Makro in the comparable months in 2011.
The above information has not been reviewed or reported on by the Company`s
auditors.
Massmart`s reviewed preliminary financial results for the 52 weeks to 26 June
2011 will be released on 25 August 2011.
Johannesburg
7 July 2011
Sponsor: Deutsche Securities (SA) (Proprietary) Ltd
Date: 07/07/2011 08:47:35 Produced by the JSE SENS Department.
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