| Mon 18 Jul 2011, 13:35 | | 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" or "Shoprite Holdings")
OPERATIONAL UPDATE
For the 12 months to June 2011 ("the 2011 reporting period"), a period of 52
weeks, the Group increased total turnover by 7,3% to about R72,3 billion,
compared to the corresponding 12 months of 2010 ("the 2010 reporting
period") which consisted of 53 weeks. If the additional week of the 2010
reporting period is disregarded, turnover growth was 9,7% and growth on a
like-for-like basis, 4,5%. During the 2011 reporting period, internal food
inflation averaged -0,1% compared to 2,2% in the 2010 reporting period.
Turnover growth increased in the second half of the year to 10,0% from 9,4%
in the first half. This must be viewed against internal food inflation of -
1,6% in the first half and 1,3% in the second half in a very challenging
market.
The South African Supermarket division, the core operation of the Group,
increased sales by 7,2% (9,8% on a 52-week basis).
When converted to rands, the turnover of the 114 supermarkets the Group
operates outside the borders of South Africa, increased by 2,1% compared to
the 2010 reporting period (4,5% on a 52-week basis). At constant
currencies, however, these operations grew by 10,2% (12,8% on a 52-week
basis).
In a relatively low inflationary environment, the furniture division grew
turnover by 1,9% (3,9% on a 52-week basis).
The above financial information has not been reviewed or reported on by the
Shoprite Holdings` auditors. The financial results for the review period
are expected to be published on or about Tuesday, 23 August 2011.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000
Date issued 18 July 2011
Sponsor Nedbank Capital
Date: 18/07/2011 13:35:01 Produced by the JSE SENS Department.
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