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JDG - JD Group Limited - Sales and debtors update for the four-month period ended 31 December 2011 JD Group Limited (Incorporated in the Republic of South Africa) (Registration number 1981/009108/06) ISIN: ZAE000030771 JSE code: JDG ("JD Group" or "the Group") SALES AND DEBTORS UPDATE FOR THE FOUR-MONTH PERIOD ENDED 31 DECEMBER 2011 The Furniture Retail division grew cash sales by 9.8%, when compared to the previous corresponding period, with overall sales increasing by 3.6%. New applications for credit grew by 8% over the period, however, the acceptance rate declined from 73.3% to 68.4% due to the over-indebtedness of the consumer. Trading was negatively influenced by the roll-out of the SAP inventory system and the change in financial reporting month-end. This was particularly evident in the first two months of the period. Total merchandise sales for the festive season (November and December) at the Furniture Retail division increased by 6.5%, when compared to the previous corresponding period. This period saw an increase in credit applications of 17.4%, but acceptance rates declined from 74.5% to 69.0%. The Cash division, incorporating Incredible Connection, Hi-Fi Corp and SteinBuild, grew top-line sales marginally , when compared to the previous corresponding period. The division did achieve satisfactory volume increases but this was offset by continued price deflation in the consumer electronic and technology categories. Operating margins continued to improve. The Financial Services division continues to make good progress, achieving excellent collection rates and a decline in arrears. Bad debts written off declined by 17% over the four months, when compared to the previous corresponding period. The Automotive division experienced 19.1% growth in unit sales, which translated into top line sales growth of 19.4%, when compared to the previous corresponding period. Blake traded in line with expectation. The Group expects to release its results for the four-month period ended 31 December 2011 on or about Monday, 20 February 2012. The information provided above has not been reviewed or reported on by the Group`s independent auditors. 26 January 2012 Johannesburg SPONSOR PSG Capital (Proprietary) Limited Date: 26/01/2012 07:05:01 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.
