Aug 7, 2007
In terms of the JSE Limited Listings Requirements, companies are required to publish a trading update as soon as they are reasonably certain that the financial results for the current reporting period will be more than 20% different from that of the previous corresponding period.
In light of the aforementioned requirements, Shoprite expects both basic and fully diluted headline earnings per share for the twelve months ended June 2007 to be between 25% and 35% higher than those of the prior comparative period, on a continued operation basis. Earnings per share and diluted earnings per share are expected to be between 15% and 25% higher than those of the prior comparative period as a result of significant capital profits in the comparative period.
Shareholders are advised that the above information has not been reviewed or reported on by Shoprite`s external auditors. The company`s results for the twelve months ended 30 June 2007 are expected to be released on or about 29 August 2007.
Johannesburg, 7 August 2007
Sponsor: Nedbank Capital