Jan 13, 2010
SHP – Shoprite Holdings Limited – Trading Update
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”)
TRADING UPDATE
The Group performed satisfactorily in the six months to 31 December 2009, growing turnover by 11,9% to R 33,1 billion. Growth on a like-for-like basis was 6,4%. This performance must be seen against internal inflation that dropped to under 3% in December 2009.
Its supermarket operation in South Africa increased sales by 14,6% and by 9,1% on a like-for-like basis.
Due to the weakening of most non-RSA currencies against the rand the turnover of the Group’s non-RSA supermarkets in rand terms declined by 4,3% and, on a like-for-like basis, by 9,3%. At constant currencies an acceptable rand turnover growth of 16,3% was achieved.
Against the background of a furniture industry that was more unfavourably affected by the economic downturn, the Group’s furniture division sales grew by 11,5% for the six months.
The above financial information has not been reviewed or reported on by Shoprite Holding’s auditors. The financial results for the review period will be published on Tuesday, 23 February 2010.
| Whitey Basson Chief executive |
Carel Goosen |
Tel 021 980 4000
Date issued: 13 January 2010
Sponsor: Nedbank Capital