Massmart - Trading Update For The 2002 Financial Y
Massmart - Trading Update For The 2002 Financial Year
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
Share code MSM ISIN ZAE000029534
("Massmart")
TRADING UPDATE FOR THE 2002 FINANCIAL YEAR
For the 53 weeks to June 30th 2002, sales including acquisitions were R16.6
billion, 44% ahead of the 52 weeks to June 30th 2001. The 53rd week
enhanced the sales growth by 3%.
The Group performed ahead of expectations before acquisitions and new stores
with a 52-week comparable store sales growth of 19%.
Acquisitions accounted for 22% of the year`s growth.
Shareholders are reminded that the effective date of each of the
acquisitions was as follows:
Jumbo Cash & Carry - April 2001
Browns and Weirs Cash and Carry - July 2001
Furnex - January 2002
During the second half, the strong underlying real sales growth was
partially enhanced in selected product categories by increased purchase
prices arising from currency driven inflationary pressures.
The full results for the year will be published on the 21st August 2002.
Johannesburg
4 July 2002
Date: 04/07/2002 08:00:00 AM Produced by the SENS Depart
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