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SHOPRITE HOLDINGS LIMITED - Operational Update

Release Date: 16/07/2012 15:20
Code(s): SHP
Wrap Text
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(the Group or Shoprite Holdings)

OPERATIONAL UPDATE


For the 12 months to June 2012 the Group increased total turnover by 14.4% to about R82.7 billion, compared to the corresponding 12 months of 2011. Growth on a like- for-like basis was 8.5%. During the 2012 reporting period, internal food inflation averaged 4.9% compared to -0.1% in the 2011 reporting period.
Turnover growth increased in the second half of the year to 15.6% from 13.2% in the first half.
The South African Supermarket Division, the core operation of the Group, increased sales by 12.9%.
When converted to rands, the turnover of the 131 supermarkets the Group operates outside the borders of South Africa, increased by 25.4% compared to the 2011 reporting period. Taken at constant currencies these operations grew by 19.7% .
In a relatively low inflationary environment, the furniture division grew turnover by 11.1% .
The above financial information has not been reviewed or reported on by the Shoprite Holdings' auditors. The financial results for the review period are expected to be published on or about Tuesday, 21 August 2012. Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000 Date issued 16 July 2012
Sponsor Nedbank Capital
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