JD Group Limited - Sales Update For The Four Month
JDG
JDG
JD Group Limited - Sales Update For The Four Months To 15 January 2006
JD Group limited
(Reg. No. 1981/009108/06)
JSE Code: JDG ISIN: ZAE000030771
("the Group")
Sales update for the four months to 15 January 2006
The momentum in consumer spending on household durable goods continued during
the first four months of our trading period to 15 January 2006. After nearly
three years of very high growth rates in the sale of consumer electrical goods,
this rate has now normalized.
Total sale of merchandise for the Group grew by 15% compared to the same period
last year. In our Credit Chains, same store sale of merchandise grew by 14%.
In Hi-Fi Corporation, with a deflation factor of more than 8%, sales remained
the same as last year. The Connection Group, effectively acquired at the end of
November 2005, grew their sales during December 2005 by 27%. ABRA, our Polish
operation, grew their sales by 15% in Zloty terms and 23% in Rands. Overall
deflation for the Group was 5%.
The quality of the receivables improved further and arrears reduced in both rand
and percentage terms. The strong operational cash generation continued.
The information provided above has not been reviewed or reported on by the
Group"s Auditors.
Johannesburg
18 January 2006
Sponsor
PSG Capital Limited
Date: 18/01/2006 04:53:26 PM Produced by the JSE SENS Department
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