MSM - Massmart - Trading Update For The 26 Weeks T
MSM
MSM
MSM - Massmart - Trading Update For The 26 Weeks To 24 December 2006
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1940/014066/06)
(Share code: MSM)
(ISIN: ZAE000029534)
("Massmart" or "the Company")
TRADING UPDATE FOR THE 26 WEEKS TO 24 DECEMBER 2006
Consistent sales growth, ahead of expectations across all divisions, increased
Massmart`s continuing sales to R18.0 billion, a growth of 16.4% on 2005.
Comparable store sales grew 11.9%, with overall sales inflation of 3.7%. Total
sales growth including Furnex in the prior year was 13.6%.
Divisional sales growth was as follows:
- Massdiscounters grew 17.2% with inflation of 0.5%;
- Masswarehouse grew 13.7% with 3.5% inflation;
- Massbuild grew 29.4% with inflation of 4.7%; and
- Masscash, excluding Furnex in the prior year grew 13.1%, while the
division`s wholesale cash & carry outlets grew 15.4% with inflation of 7.2%.
Massmart`s interim results to December 2006 will be published on 22 February
2007 and are expected to reflect growth in headline earnings per share of
between 20% and 30%.
The above information has not been reviewed or reported on by the Company`s
auditors.
15 January 2007
Johannesburg
Sponsor to Massmart:
Deutsche Securities (SA) (Proprietary) Limited
Date: 15/01/2007 09:49:11 Produced by the JSE SENS Department.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
