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MSM - Massmart - Sales update for the 52 weeks to 24 June 2007

Release Date: 05/07/2007 12:31
Code(s): MSM
Wrap Text

MSM - Massmart - Sales update for the 52 weeks to 24 June 2007 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/05) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the Company") Sales update for the 52 weeks to 24 June 2007 Massmart`s continuing sales increased to R34.7 billion, a growth of 16.3% on 2006. Comparable store sales grew 13.0%. Total sales growth including Furnex in the prior year was 14.5%. Inflation for the year across the Massmart Group is estimated at 4.9%, comprising inflation of 0.5% in General Merchandise, 8.1% in Food and Liquor, and 6.5% in Home Improvement. Divisional sales growth was as follows: - Massdiscounters grew 15.7% with inflation of 1.3%; - Masswarehouse grew 14.4% with inflation of 4.7%; - Massbuild grew 27.3% with inflation of 6.5%;and - Masscash, excluding Furnex in the prior year, grew 14.2%, with inflation of 8.7%. Massmart`s reviewed results for the year ended June 2007 will be published on 23 August 2007. The above information has not been reviewed or reported on by the Company`s auditors. Johannesburg 5 July 2007 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 05/07/2007 12:31:26 Supplied by www.sharenet.co.za Produced by the JSE SENS Department.

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