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Sales Update
Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1940/014066/06
Share Code: MSM
ISIN Code: ZAE000152617
("Massmart" or the “Company”)
SALES UPDATE
Included in the Massmart June 2012 integrated annual report,
to be released on Massmart`s website and distributed to
shareholders today, are the following paragraphs:
"For the 14 weeks to 30 September 2012, total stores’ sales
increased by 16.6% and comparable stores’ sales increased by
7.8%, continuing the trends experienced at the close of the
last financial period.
“With the coming change in Massmart’s financial year-end, the
next reporting period will be the 26-week “financial year” to
December 2012. Sales and gross margins are expected to grow
satisfactorily, although cost pressures will remain.
Currently we expect no improvement in the Group’s net trading
margin for either the 26-weeks to December 2012 or for the
year to December 2013.
“Beyond the next 18 months, we believe the Group is well
positioned for strong growth, in both sales and profits."
The financial information on which this outlook statement is
based has not been reviewed or reported on by the Company`s
external auditors.
22 October 2012
Johannesburg
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
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