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Woolworths Holdings Limited - Trading Statement

Release Date: 08/01/2004 09:06
Code(s): WHL
Wrap Text

Woolworths Holdings Limited - Trading Statement WOOLWORTHS HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1929/001986/06) ISIN Code: ZAE000028288 JSE Share Code: WHL TRADING STATEMENT Woolworths operating group increased sales for the six months from July to December 2003 by 13.7% compared to the same period last year. Sales from comparable stores (which includes local and international franchise) grew by 7.5%. Clothing and Home sales grew by 10.9% in total and by 7.9% in comparable stores whilst Foods sales grew by 17.7% in total and by 7.0% in comparable stores. The average price movement for the period in corporate stores was 9.5% for Clothing and Home and 8.6% for Foods. The price movement dropped by the month of December to 7.6% for Clothing and Home and 7.5% for Foods. Foods sales during the festive season were slightly ahead of expectations while Clothing and Home met expectations. Sales for the Australian subsidiary, Country Road, for the six months were 6.7% below the same period last year, in Australian dollar terms. Trading conditions for the period were extremely competitive, with discounting and promotional activity across the market. Expenses have been well controlled and it is expected that the business will make a small profit for the period. The above financial information has not been reviewed or reported on by the company"s auditors. Accordingly, shareholders are advised to exercise caution when dealing in shares in the company until the interim results are published. The publication of the interim results of the company for the 26-week period to 28 December 2003 is scheduled for mid February 2004. Contact: Simon Susman: Chief Executive Officer - 083 252 5696 Norman Thomson: Financial Director - 083 251 6354 Cape Town 7 January 2004 Sponsor HSBC Date: 08/01/2004 09:06:02 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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