• Clamouring for action

    2017 will see battles between politicians as well as those tired of politicking, says Daniel Silke.

  • Realistic dreaming

    Preparation and sound advice will turn entrepreneurial dreams into reality, says Ian Mann.

  • SA versus Cuba

    Cuba’s successes are worth a good look with the aim of emulating them, says Mandi Smallhorne.

All data is delayed
Loading...
See More

Massmart full-year sales top R61bn

Jul 04 2012 14:38
Reuters

Company Data

MASSMART HOLDINGS LIMITED [JSE:MSM]

Last traded 123
Change -1
% Change -1
Cumulative volume 416200
Market cap 0

Last Updated: 06-12-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

PICK N PAY STORES LIMITED [JSE:PIK]

Last traded 65
Change -2
% Change -2
Cumulative volume 811776
Market cap 0

Last Updated: 06-12-2016 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

SHOPRITE HOLDINGS LIMITED [JSE:SHP]

Last traded 185
Change -6
% Change -3
Cumulative volume 1524660
Market cap 0

Last Updated: 06-12-2016 at 05:07. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Massmart ups profit on forex

Govt will cooperate with Walmart

Shoprite to raise $1bn for expansion

Shoprite shares dive on expansion plans

Massmart/Walmart still in limbo

Shoprite sees scope for 700 stores in Nigeria

 

Johannesburg - South African discount retailer Massmart Holdings [JSE:MSM] reported a 16% rise in full-year sales on Wednesday, a touch above analysts' estimates, boosted by the inclusion recently acquired stores.

Massmart, majority owned by Walmart Stores, said in a trading statement that sales totalled R61.2bn in the 52-weeks to June 24, slightly beating the R61.1bn in a consensus estimate of 10 analysts polled by Reuters.

The company finalised the purchase of 14 outlets of South African unlisted grocer Rhino Cash & Carry in March, to help it challenge dominant food retailers such as Shoprite Holdings [JSE:SHP] and Pick n Pay Stores [JSE:PIK].

Massmart, which will release its full year-end result on August 22, said all four of its divisions posted double digit sales growth with its wholesale Makro business adding 20.%.

Its Massdiscounters units that comprise its flagship Game stores grew sales by 16.5%, while its building materials unit lifted sales by 13%.

Massmart shares, which have hardly moved so far this year, were up 0.73% at R171.61, valuing the company at $4.6bn.

 
massmart holdings

NEXT ON FIN24X

Assore to get new CEO

2016-12-06 12:24

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

We're talking about: SMALL BUSINESS

From fossils to finance – that’s been the career trajectory of Dr Merrill van der Walt, a palaeontologist until recently. She is now a statistician with a difference.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

SA's avoidance of junk status by rating agencies: Moody's and Fitch

Previous results · Suggest a vote

Loading...