Mr Price Group Limited - Results Of Annual General
Mr Price Group Limited - Results Of Annual General Meeting And Trading Update
Mr Price Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1933/004418/06)
Share Code: MPC
ISIN: ZAE000026951
(`The Mr Price group` or `the group`)
RESULTS OF ANNUAL GENERAL MEETING AND TRADING UPDATE
At the 72nd annual general meeting (`the meeting`) of the shareholders of The Mr
Price group held today, 28 July 2005, the requisite majority of shareholders
approved all the ordinary and special resolutions proposed at the meeting.
The special resolution will be lodged for registration with the Registrar of
Companies in due course.
At the meeting The Mr Price group presented its trading update for the first
four months of the financial year ended 31 March 2006. The positive trading
trend has continued into the current financial year. The group reported sales
growth of 21% for continuing operations over this four month period with
comparable sales growth of 16% at an improved operating margin.
The cash division, comprising Mr Price, Mr Price Home and Sheet Street,
continued its strong performance from the prior financial period with sales for
the four month period growing by 23% and comparable sales by 17%. The credit
division comprising Miladys and The Hub, reported sales growth of 14% for the
four month period with comparable sales growing by 10%.
Durban
28 July 2005
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 28/07/2005 04:31:57 PM
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