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MSM - Massmart - Sales update for the 53 weeks to 29 June 2008

Release Date: 10/07/2008 09:03
Code(s): MSM
Wrap Text

MSM - Massmart - Sales update for the 53 weeks to 29 June 2008 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 53 weeks to 29 June 2008 Massmart Group`s total sales for the 53-week period increased to R39.8 billion, a growth of 14.7% over the prior year, with inflation estimated at 7.5%. Comparing this year`s 52-week period to the same period last year shows total sales growth of 12.3% and comparable store sales growth of 10.9%. Divisional total sales growth for the 53-week period (the 52-week figure is shown in brackets) was as follows: * Massdiscounters increased by 10.8% (7.8%) with inflation of 2.7%; * Masswarehouse increased by 17.4% (15.2%) with inflation of 7.2%; * Massbuild increased by 14.5% (12.5%) with inflation of 7.5%; and * Masscash`s wholesale cash & carry outlets increased by 18.8% (16.5%) with inflation of 13.3%. Massmart`s reviewed preliminary results for the financial year to June 2008 will be published on 21 August 2008. The above information has not been reviewed or reported on by the Company`s auditors. Johannesburg 10 July 2008 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 10/07/2008 09:03:01 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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