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MSM
MSM
MSM - Massmart - Trading Statement for the 52 weeks to 26 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")
Trading Statement for the 52 weeks to 26 June 2011
This trading statement is required in terms of paragraph 3.4 of the JSE Limited
Listings Requirements.
Shareholders are advised that Massmart expects to release reviewed earnings,
headline earnings, earnings per share (Basic EPS) and headline earnings per
share (HEPS) for the 52 weeks to 26 June 2011 within the ranges shown in the
table below (all figures include foreign exchange losses in both periods).
Headline earnings and HEPS excluding the costs incurred by Massmart as a result
of the Walmart transaction are also shown in the table.
Expected Ranges Actual Expected
June 2011 June 2010 % Change
Rm`s
Earnings 764.7 - 858.8 1 176.4 (27.0) - (35.0)
Headline earnings 808.5 - 899.6 1 138.7 (21.0) - (29.0)
Headline earnings 1 207.0 - 1 298.1 1 138.7 6.0 - 14.0
before Walmart costs
Cents
Basic EPS 377.1 - 422.1 562.8 (25.0) - (33.0)
HEPS 397.0 - 442.4 567.2 (22.0) - (30.0)
HEPS before Walmart 595.6 - 640.9 567.2 5.0 - 13.0
costs
The costs associated with the Walmart transaction are primarily those disclosed
in the Massmart circular to shareholders of 9 December 2010 and the creation of
the R100 million Supplier Development Fund. Greater detail will be provided
with release of Massmart`s reviewed preliminary financial results for the 52
weeks to 26 June 2011 but many of the costs are not tax deductible and a portion
of these are non-cash items.
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
25 July 2011
Sponsor: Deutsche Securities (SA) (Proprietary) Ltd
Date: 25/07/2011 07:30:01 Produced by the JSE SENS Department.
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