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MSM - Massmart Holdings Limited - Sales update for the 44 weeks to 1 May 2011

Release Date: 10/05/2011 08:00
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Sales update for the 44 weeks to 1 May 2011 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 44 weeks to 1 May 2011 Today Massmart is hosting an analysts` store visit in the greater Johannesburg region and is providing the following brief sales update: For the 44 weeks to 1 May 2011, Massmart`s total sales increased to R44.9 billion, a growth of 12.7% over the prior period, and comparable store sales grew 6.2%. Deflation for the period is estimated at 1.8%. Total and comparable sales growths for each Division for the 44-week period were as follows: Total Comparable Inflation
Massdiscounters 10.8% 5.2% -7.4% Masswarehouse 11.5% 8.0% -0.8% Massbuild 16.9% 9.9% 0.5% Masscash 13.3% 4.3% 0.9% In line with past practice, during the week of 4 July 2011 Massmart will release a sales update for the financial year to June 2011. The above information has not been reviewed or reported on by the Company`s external auditors. Johannesburg 10 May 2011 Sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 10/05/2011 08:00:04 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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