MASSMART HOLDINGS LIMITED - SALES UPDATE FOR THE SIX MONTHS TO DECEMBER 2003
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
Share code MSM ISIN ZAE000029534
("Massmart")
SALES UPDATE FOR THE SIX MONTHS TO DECEMBER 2003
For the 26 weeks to 28 December 2003, Massmart"s total sales including
acquisitions grew 15,6% to R12,2bn. Sales growth excluding acquisitions was
11,1% and comparable store sales grew 8,4%. Acquisitions, comprising Builders
Warehouse, Tile Warehouse, and seven cash & carry outlets contributed sales of
R483m.
Massmart"s weighted-average sales inflation for the 26 weeks was estimated to be
zero percent across all merchandise categories, with deflation being experienced
in general merchandise for most of the period.
Despite this, the inclusion of Builders Warehouse and Tile Warehouse for the
first time and good growth in Makro, Furnex and Game South Africa resulted in
general merchandise sales growth double that of food, which experienced high
inflation in the comparable period last year. Due to the stronger Rand,
Massdiscounters" foreign Game stores sales in Rands were below those for the
comparable period last year.
Massmart"s interim results to December 2003 will be released on 26 February
2004.
Sandton
8 January 2004
Date: 08/01/2004 03:30:30 PM Supplied by www.sharenet.co.za
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