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Massmart Holdings Limited - Annual Report - Trading Update

Release Date: 31/10/2005 14:39
Code(s): MSM
Wrap Text

Massmart Holdings Limited - Annual Report - Trading Update MASSMART HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1940/014066/06) Share Code: MSM ISIN Code: ZAE000029534 ("Massmart" or "the Company") ANNUAL REPORT - TRADING UPDATE Massmart"s Annual Report for the year to June 2005, released last week, included the following trading update for the 15 weeks to 9 October 2005: "As predicated and announced, the decision to move away from higher risk, low margin sales in Shield and Furnex has significantly slowed sales growths in those businesses. To avoid distorting the interpretation of the Group"s sales growths, the trading updates now exclude sales for those Chains. On this basis, the eight-week sales report to 21 August 2005 excluding Shield and Furnex would have been: total sales growth 21.4%, sales before acquisitions grew 13.0% and comparable store sales grew 6.6%. For the 15 weeks to 9 October 2005, total sales grew by 20.1%, sales before acquisitions grew 11.3% and comparable store sales grew 4.7%, with profit growth ahead of sales and prior year. Total sales growth, including Shield and Furnex, for this 15-week period was 15.5%." Johannesburg 31 October 2005 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 31/10/2005 02:39:14 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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