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MASSMART HOLDINGS LIMITED - Sales Update

Release Date: 29/04/2014 13:31
Code(s): MSM     PDF:  
Wrap Text
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 December 2013 Integrated Annual
Report, to be released on Massmart`s website and distributed
to shareholders today, are the following paragraphs:

"For the 14 weeks to 6 April 2014, total sales increased by
11.4% and comparable sales increased by 7.1%, a much stronger
start to the financial year than we anticipated.”

“Whilst too early to be confident about this new trend, the
strong start suggests a better overall performance this year
than last year. Whilst we remain cautious about the economy,
we are much more positive about the business as we reap the
rewards from the operational focus of last year."

The financial information on which this outlook statement is
based has not been reviewed or reported on by the Company`s
external auditors.

29 April 2014
Johannesburg

Sponsor: Deutsche Securities (SA) Proprietary Limited

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