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MSM - Massmart - Sales update for the 52 weeks to 27 June 2010

Release Date: 08/07/2010 12:12
Code(s): MSM
Wrap Text

MSM - Massmart - Sales update for the 52 weeks to 27 June 2010 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 1940/014066/06) Share code: MSM ISIN: ZAE000029534 ("Massmart" or "the Company" or "the Group") Sales update for the 52 weeks to 27 June 2010 The Group`s total sales for the 52-week period to 27 June 2010 were R47.5 billion, representing growth of 10.1% over the prior year`s 52-week period, with overall deflation estimated at 0.4%. Comparable store sales increased by 2.6%. Excluding African sales from both periods, the Group`s total sales and comparable store sales increased by 12.1% and 4.5% respectively. Divisional total sales growth for the 52-week period to 27 June 2010 (comparable sales are shown in brackets) were as follows: - Massdiscounters increased by 8.5% (3.2%) with estimated deflation of 4.2%; - Masswarehouse increased by 3.6% (3.6%) with estimated inflation of 2.8%; - Massbuild increased by 13.9% (3.4%) with estimated inflation of 1.8%; and - Masscash increased by 14.5% (0.6%) with estimated deflation of 0.6%. Massmart`s reviewed preliminary results for the financial year to 27 June 2010 will be published on Thursday, 26 August 2010. The above information has not been reviewed or reported on by the Company`s external auditors. Johannesburg 8 July 2010 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 08/07/2010 12:12:55 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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