Wed Jan 14 14:31:00 UTC 2015
For the six months to December 2014 the Shoprite Group increased turnover by about 12.5% from R51.1 billion to R57.5 billion. Growth on a like-for-like basis was 5.1%.
The South African supermarket operation increased sales by 12.0%. Internal food inflation averaged 5.2% compared to the estimated official food inflation figure of 8.4% during the period. The division benefited from strong sales in the month of December, which were 13.0% higher than in the corresponding period.
The Group’s non-RSA supermarkets’ sales growth of 15.0% was negatively affected by the sale of the Tanzanian business as well as the temporary closure of the Palanca store in Angola in July 2014 due to a fire. The store is being rebuilt. Taken at constant currencies sales grew by 15.4%.
The Group’s furniture division experienced a buoyant December which helped it grow sales by 12.2% for the period, with the OK Furniture brand the best performer.
The Other Operating Segments also achieved satisfactory growth of 12.7%
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 or about Tuesday, 24 February 2015.
Whitey Basson Carel Goosen
Chief executive Deputy managing director
Tel 021 980 4000
Date issued 14 January 2015
Sponsor Nedbank Capital