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MSM - Massmart Holdings Limited - Sales Update for the 26 weeks to December 2010

Release Date: 12/01/2011 11:05
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Sales Update for the 26 weeks to December 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") Sales Update for the 26 weeks to December 2010 The Group`s total sales for the 26 weeks to December 2010 increased to R27.5 billion, representing growth of 13.3% over the prior 26-week period, with year- to-date deflation estimated at 2.9%. Comparable store sales increased by 7.3%. Total (and comparable) sales growths for each Division for the 26-week period, and the financial year-to-date inflation rates, were as follows: * Massdiscounters grew by 14.4% (9.0% comparable) with deflation of 8.2%; * Masswarehouse grew by 10.7% (7.8%) with deflation of 1.2%; * Massbuild grew by 18.6% (11.8%) with inflation of 0.3%; and * Masscash grew by 12.4% (4.2%) with deflation of 1.3%. The above information has not been reviewed or reported on by the Company`s auditors. Massmart`s reviewed interim financial results for the 26 weeks to December 2010 will be released on 24 February 2011. Johannesburg 12 January 2011 Sponsor: Deutsche Securities (SA) (Proprietary) Ltd Date: 12/01/2011 11:05:03 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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