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MSM - Massmart Holdings Limited - Trading update for the year to June 2007

Release Date: 15/08/2007 07:00
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Trading update for the year to 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") Trading update for the year to June 2007 Massmart shareholders are advised that, after adjusting for the first-time accounting impact of Thuthukani, the Group`s Staff BEE scheme, implemented in October 2006, adjusted headline earnings per share ("HEPS") for the year ended 30 June 2007 is anticipated to be between 34% and 38% higher than that of the prior year. These figures represent the Group`s comparable headline earnings growth. The unadjusted HEPS growth for the year to June 2007 over the prior year is anticipated to be between 27% and 31%. Earnings per share should reflect growth of between 25% and 29% over the prior year. The above information has not been reviewed or reported on by the Company`s auditors. Johannesburg 15 August 2007 Sponsor: Deutsche Securities (SA) (Proprietary)Ltd Date: 15/08/2007 07:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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