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HSP - Holdsport Limited - Sales update for the 5 months ended 31 January 2012

Release Date: 06/02/2012 14:39
Code(s): HSP
Wrap Text

HSP - Holdsport Limited - Sales update for the 5 months ended 31 January 2012 HOLDSPORT LIMITED Registration number: 2006/022252/06 Share code: HSP ISIN : ZAE000157046 ("Holdsport" or "the company") SALES UPDATE FOR THE 5 MONTHS ENDED 31 JANUARY 2012 Holdsport shareholders are advised that total sales for the five months ended 31 January 2012 increased by 11.5% compared to the corresponding period last year. Retail sales increased by 10.8% with sales for comparable stores increasing by 8.6% over the period. Total (and comparable) sales growths for each division for the five-month period, were as follows: - Sportsmans Warehouse sales increased by 12.3% (10.8% comparable); - Outdoor Warehouse sales increased by 6.6% (2.7% comparable); - The wholesale division recorded sales growth of 42.8%. Retail trading space increased by 2.9% relative to the prior corresponding period, and merchandise inflation for the period averaged 1.4%. The financial information provided has neither been reviewed nor reported on by the external auditors. Holdsport is expected to release its results for the year ended 28 February 2012 on or about 21 May 2012. Cape Town 7 February 2012 Sponsor: UBS South Africa (Pty) Ltd Date: 06/02/2012 14:39:01 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.

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