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SHP - Shoprite Holdings Limited - Trading Update

Release Date: 16/01/2008 10:29
Code(s): SHP
Wrap Text

SHP - Shoprite Holdings Limited - Trading Update SHOPRITE HOLDINGS LIMITED (Incorporated in the Republic of South Africa) Registration no. 1936/007721/06 ISIN: ZAE000012084 JSE share code: SHP NSX share code: SRH LuSE share code: SHOPRITE ("The Group") TRADING UPDATE For the six months to 31 December 2007, the Shoprite Group grew turnover by 21,8% to R23,3 billion. Growth on like for like business was 16,5%. These figures should be interpreted against the background of the industrial action affecting the majority of Shoprite stores during the corresponding period in 2006. More meaningful assumptions can be made considering the December 2007 turnover, of which the growth was not affected by strike action and where the Group grew by 16,1% and the like for like stores by 11,7% for the month. Non-RSA business continued to perform satisfactorily and for the six months it grew by 32,5% and 20,2% for like for like stores. The furniture division`s sales, which are included in the Group figures, grew by 3,2% for the six months and were largely affected by the new National Credit Act, higher interest rates and a general downturn in purchases of durable and semi-durable goods. The above financial information has not been reviewed or reported on by the Shoprite Holdings` auditors. The financial results for the review period will be published on Tuesday, 19 February 2008. Whitey Basson Carel Goosen Chief Executive Deputy Managing Director Tel 021 980-4000 Date issued 16 January 2008 Sponsor Nedbank Capital Date: 16/01/2008 10:29:01 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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