2007/01/17
WHL - Woolworths Holdings - Trading statement for the six months to December [JSE Securities Exchange - SENS]
 
WOWOW                                                                           
WHL - Woolworths Holdings - Trading statement for the six months to December    
                           2006                                                 
Woolworths Holdings Limited
(Incorporated in the Republic of South Africa)                                  
Registration number: 1929/001986/06                                             
Share code: WHL & ISIN: ZAE000063863                                            
("Woolworths Holdings" or "the Company")
Trading statement for the six months to December 2006                           
Woolworths Holdings increased sales by 20.2% for the six months to December     
2006, compared to the same period last year. Comparable store sales growth was  
13.6%.
Woolworths, clothing and home grew sales by 14.4% in total and 9.8% in          
comparable stores with an average inflation rate of approximately 1.6% over the 
period.  Food sales grew by 25.9% in total and by 15.1% in comparable stores    
with an average inflation rate of approximately 7.4% over the period.
Expansion in trading space resulted in an increase of 4.2% in clothing and home 
and 13.1% in food as at 31 December 2006, compared to the prior year.           
Country Road grew total sales by 3.5% in Australian dollar terms. Retail sales, 
excluding seconds outlets, grew by 16% in Australian dollars and by 11.4% in
comparable stores compared to the prior year.                                   
Our in-store card, credit card and personal loan books grew by 25.9%. The net   
bad debt experience on the combined books remained within an acceptable range.  
The Company is currently finalising its results for the six months ended
December 2006 which should be released by mid-February 2007. In this regard,    
shareholders are advised that headline earnings per share is likely to be       
between 20% and 25% higher than the prior year and earnings per share is likely 
to be between 30% and 35% higher than the prior year. Earnings per share will be
higher than headline earnings per share, mainly due to a R46.7 million profit   
made on the disposal of land in Midrand, Gauteng.                               
The financial information on which this trading statement is based has not been 
reviewed and reported on by the Company's auditors and is released in accordance
with the JSE Limited Listings Requirements.                                     
Contact:       Simon Susman (Chief executive officer) on 021 407 2700           
              Norman Thomson (Finance director) on 021 407 3337                 
              Cherrie Lowe (Group secretary) on 021 407 3160
Cape Town                                                                       
17 January 2007                                                                 
Sponsor                                                                         
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
Date: 17/01/2007 16:27:01 Produced by the JSE SENS Department.
Source: JSE Securities Exchange - SENS
 
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