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WHL - Woolworths Holdings - Trading statement for the six months to December

Release Date: 17/01/2007 16:27
Code(s): WHL
Wrap Text

WHL - Woolworths Holdings - Trading statement for the six months to December 2006 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 statement for the six months to December 2006 Woolworths Holdings increased sales by 20.2% for the six months to December 2006, compared to the same period last year. Comparable store sales growth was 13.6%. Woolworths, clothing and home grew sales by 14.4% in total and 9.8% in comparable stores with an average inflation rate of approximately 1.6% over the period. Food sales grew by 25.9% in total and by 15.1% in comparable stores with an average inflation rate of approximately 7.4% over the period. Expansion in trading space resulted in an increase of 4.2% in clothing and home and 13.1% in food as at 31 December 2006, compared to the prior year. Country Road grew total sales by 3.5% in Australian dollar terms. Retail sales, excluding seconds outlets, grew by 16% in Australian dollars and by 11.4% in comparable stores compared to the prior year. Our in-store card, credit card and personal loan books grew by 25.9%. The net bad debt experience on the combined books remained within an acceptable range. The Company is currently finalising its results for the six months ended December 2006 which should be released by mid-February 2007. In this regard, shareholders are advised that headline earnings per share is likely to be between 20% and 25% higher than the prior year and earnings per share is likely to be between 30% and 35% higher than the prior year. Earnings per share will be higher than headline earnings per share, mainly due to a R46.7 million profit made on the disposal of land in Midrand, Gauteng. The financial information on which this trading statement is based has not been reviewed and reported on by the Company`s auditors and is released in accordance with the JSE Limited Listings Requirements. Contact: Simon Susman (Chief executive officer) on 021 407 2700 Norman Thomson (Finance director) on 021 407 3337 Cherrie Lowe (Group secretary) on 021 407 3160 Cape Town 17 January 2007 Sponsor RAND MERCHANT BANK (a division of FirstRand Bank Limited) Date: 17/01/2007 16:27:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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