Massmart Holdings Limited - Annual Report - Trading Update
MASSMART HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1940/014066/06)
Share Code: MSM
ISIN Code: ZAE000029534
("Massmart" or "the Company")
ANNUAL REPORT - TRADING UPDATE
Massmart"s Annual Report for the year to June 2005, released last week, included
the following trading update for the 15 weeks to 9 October 2005:
"As predicated and announced, the decision to move away from higher risk, low
margin sales in Shield and Furnex has significantly slowed sales growths in
those businesses. To avoid distorting the interpretation of the Group"s sales
growths, the trading updates now exclude sales for those Chains. On this basis,
the eight-week sales report to 21 August 2005 excluding Shield and Furnex would
have been: total sales growth 21.4%, sales before acquisitions grew 13.0% and
comparable store sales grew 6.6%.
For the 15 weeks to 9 October 2005, total sales grew by 20.1%, sales before
acquisitions grew 11.3% and comparable store sales grew 4.7%, with profit growth
ahead of sales and prior year. Total sales growth, including Shield and Furnex,
for this 15-week period was 15.5%."
Johannesburg
31 October 2005
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Date: 31/10/2005 02:39:14 PM Produced by the JSE SENS Department
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