Wed Jan 16 06:20:00 UTC 2008
SHOPRITE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration no. 1936/007721/06
ISIN: ZAE 000012084
JSE share code: SHP
NSX share code: SRH
LuSE share code: SHOPRITE
(“The Group”)
For the six months to 31 December 2007, the Shoprite Group grew turnover by 21,8% to R23,3 billion. Growth on like for like business was 16,5%. These figures should be interpreted against the background of the industrial action affecting the majority of Shoprite stores during the corresponding period in 2006. More meaningful assumptions can be made considering the December 2007 turnover, of which the growth was not affected by strike action and where the Group grew by 16,1% and the like for like stores by 11,7% for the month.
Non-RSA business continued to perform satisfactorily and for the six months it grew by 32,5% and 20,2% for like for like stores.
The furniture division’s sales, which are included in the Group figures, grew by 3,2% for the six months and were largely affected by the new National Credit Act, higher interest rates and a general downturn in purchases of durable and semi-durable goods.
The above financial information has not been reviewed or reported on by the Shoprite Holdings' auditors. The financial results for the review period will be published on Tuesday, 19 February 2008.
Whitey Basson
Chief Executive
Carel Goosen
Deputy Managing Director
Tel: 021 980-4000
Date issued : 16 January 2008
Sponsor: Nedbank Capital