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MSM - Massmart - Sales Update

Release Date: 27/10/2009 13:43
Code(s): MSM
Wrap Text

MSM - Massmart - Sales Update MASSMART HOLDINGS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1940/014066/06) Share Code: MSM ISIN Code: ZAE000029534 ("Massmart") Sales Update Included in the Massmart June 2009 annual report, to be released on Massmart`s website and distributed to shareholders in the next few days, are the following paragraphs: "For the 14 weeks to 4 October 2009, total sales increased by 5.0% and comparable sales increased by 0.7%. "As is evident in the first 14 weeks` sales, the consumer remains under pressure. Until there are clear signs of recovery in consumer expenditure, management remains focused on protecting the income statement and balance sheet, while continuing to invest for growth where returns are clear. "The first half of the 2010 financial year will undoubtedly be very difficult compared to the reasonably resilient first half of last year, which could see profits decline. Profit growth for the full year will depend on the recession coming to an end by the middle of the financial year." The above information has not been reviewed or reported on by Massmart`s external auditors. Johannesburg 27 October 2009 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 27/10/2009 13:43:01 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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