South African retailer Shoprite Holdings has booked an increase in full-year like-for-like sales.
In the 12 months to the end of June, the group saw like-for-like sales climb 8.5%. Total turnover increased 14.4% to ZAR82.7bn (US$10.04bn).
Shoprite's core South African supermarket division increased sales 12.9%, while sales from the retailer's 131 supermarkets operated outside the country increased 25.4%.
For the 12 months to June 2012 the Group increased total turnover by 14.4% to about R82.7 billion, compared to the corresponding 12 months of 2011. Growth on a like-for-like basis was 8.5%. During the 2012 reporting period, internal food inflation averaged 4.9% compared to -0.1% in the 2011 reporting period.
Turnover growth increased in the second half of the year to 15.6% from 13.2% in the first half.
The South African Supermarket Division, the core operation of the Group, increased sales by 12.9%.
When converted to rands, the turnover of the 131 supermarkets the Group operates outside the borders of South Africa, increased by 25.4% compared to the 2011 reporting period. Taken at constant currencies these operations grew by 19.7% .
In a relatively low inflationary environment, the furniture division grew turnover by 11.1% .
The above financial information has not been reviewed or reported on by the Shoprite Holdings' auditors. The financial results for the review period are expected to be published on or about Tuesday, 21 August 2012.
