To view the PDF file, sign up for a MySharenet subscription.

MSM - Massmart - Trading Update For The 26 Weeks To 24 December 2006

Release Date: 15/01/2007 09:49
Code(s): MSM
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

Share This Story