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MSM - Massmart Holdings Limited - Sales Update for the 52 weeks to June 2011

Release Date: 07/07/2011 08:47
Code(s): MSM
Wrap Text

MSM - Massmart Holdings Limited - Sales Update for the 52 weeks to June 2011 Massmart Holdings Limited (Incorporated in the Republic of South Africa) (Registration Number: 1940/014066/06) Share code: MSM ISIN: ZAE000152617 ("Massmart" or "the Company") Sales Update for the 52 weeks to June 2011 Shareholders are advised that the Massmart Group`s total sales for the 52 weeks to June 2011 increased to R53.0 billion, representing growth of 11.7% over the prior 52-week period, with year-to-date deflation estimated at 1.3%. Comparable store sales increased by 5.2%. Total (and comparable) sales growths for each Division for the 52-week period, and the product inflation rates, were as follows: * Massdiscounters increased by 9.4% (3.7% comparable) with deflation of 7.3%; * Makro increased by 10.5% (6.9%) with deflation of 0.4%; * Massbuild increased by 14.1% (7.2%) with inflation of 0.8%; and * Masscash increased by 13.1% (4.1%) with inflation of 2.1%. The higher sales levels associated with the FIFA World Cup Soccer tournament in May and June 2010 reduced total and comparable sales growths in Massdiscounters and Makro in the comparable months in 2011. The above information has not been reviewed or reported on by the Company`s auditors. Massmart`s reviewed preliminary financial results for the 52 weeks to 26 June 2011 will be released on 25 August 2011. Johannesburg 7 July 2011 Sponsor: Deutsche Securities (SA) (Proprietary) Ltd Date: 07/07/2011 08:47:35 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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