SHP
SHP
SHP - Shoprite Holdings Limited - Trading update
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE 000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
("The Group")
TRADING UPDATE
For the six months to 31 December 2006, the Shoprite Group increased turnover by
14,7% to about R19,1 billion (2006: R16,6 billion).
Management is satisfied with these results which were achieved in an environment
of rising food price inflation. For the review period internal inflation rose
to 5,6% as against 2,5% in the corresponding period.
The Shoprite brand, which was most affected by a country wide industrial action,
grew sales in its existing stores by 4,7% and by 11,6% overall. Shoprite opened
a net 6 supermarkets within the country during the review period.
Checkers has experienced strong growth, and reported a sales increase of 10,2%
in existing stores and by 16,1% overall. It added a net 3 new stores.
Strong consumer support for the Usave brand in South Africa resulted in a gain
of 9 new outlets during the period. Sales growth of 32,8% continue to exceed
budget.
The Group`s Furniture Division maintained sales growth of 14,2% in a market
characterised by intense competition. The swing to cash sales in the business
has now stabilised.
The Group`s non-RSA operations produced satisfactory results, reporting growth
of 29,8% in rand terms. New stores in Angola and Nigeria boosted turnover.
The above financial information has not been reviewed or reported on by the
Shoprite Holdings` auditors. The results for the review period discussed above
will be published on Tuesday, 20 February 2007.
Whitey Basson, CEO, or Carel Goosen, deputy managing director (tel 021 980
4000).
Date issued 17 January 2007
Sponsor
Nedbank Capital
Date: 17/01/2007 11:25:01 Produced by the JSE SENS Department.
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