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Woolworths Holdings - Trading update for the six months to December 2005

Release Date: 11/01/2006 10:36
Code(s): WHL
Wrap Text

Woolworths Holdings - Trading update for the six months to December 2005 Woolworths Holdings Limited (Incorporated in the Republic of South Africa) Registration number: 1929/001986/06 Share code: WHL ISIN: ZAE000063863 ("Woolworths Holdings" or "the Company") Trading update for the six months to December 2005 Woolworths Holdings sales growth increased for the six months from July to December 2005 by 16.3% compared to the same period last year. Woolworths, Clothing & Home grew sales by 12.6% in total and 8.2% in comparable store sales with an average deflation rate of approximately -2.3% over the period. Food sales grew by 20.9% in total and by 12.2% in comparable store sales with an average inflation rate of approximately 3.7% over the period. Expansion plans in corporate stores delivered an increase of 4.2% trading space in Clothing & Home over the period, and 6.5% in Food. Trading over the festive season was in-line with expectations. Retail sales for the Australian subsidiary, Country Road, for the six months ended 31 December 2005 were 6.3% higher in Australian dollars than the same period last year, with good volume increases, whilst total sales increased by 1.0%. The publication of the interim results of the Company for the 26-week period to 25 December 2005 is scheduled for mid-February 2006. Contact: Simon Susman (Chief Executive Officer), Norman Thomson (Finance Director), Cherrie Lowe (Group Company Secretary) on 021 407 9111. Cape Town 11 January 2006 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Date: 11/01/2006 10:36:33 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department