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 SIX MONTHS TO DECEMBER 2002
For the 26 weeks to the 29th December 2002, sales including the Furnex
acquisition for the first time, grew 32% to R10,5b. Excluding Furnex, sales
growth was 28%. Comparable store sales grew 27%.
Although it declined significantly from mid November, Massmart`s weighted
average sales inflation for the period was estimated to be 14% across all
merchandise categories.
Massdiscounters and Masscash sales performed ahead of expectations throughout
the six months, while food and liquor growth exceeded that of general
merchandise. All divisions exceeded their sales budgets for the period and in
December when there was a softening of consumer demand.
The full results for the half-year will be released on the 26th February 2003.
Shareholders are reminded that the acquisition of Builders Warehouse is still
subject to the fulfillment of certain suspensive conditions, including approval
by the Competitions Commission, and will therefore not affect these results.
Sandton
7 January 2003
Sponsor
UBS Warburg
Date: 07/01/2003 07:05:02 AM Produced by the JSE SENS Department
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