NEWS & MEDIA > UNAUDITED INTERIM CONDENSED CONSOLIDATED RESULTS FOR THE HALF-YEAR ENDED 31 AUGUST 2011
NOT FOR PUBLICATION, DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN OR AUSTRALIA
SALES UP 7.2% TO R546.9 MILLION
CORE HEADLINE EARNINGS PER SHARE UP 22.3% TO 159.2 CENTS
STRONG CASH FLOW FROM OPERATING ACTIVITIES
INTERIM DIVIDEND DECLARED OF 47 CENTS PER SHARE
GROUP OVERVIEW
The Holdsport Group comprises Sportsmans Warehouse and Outdoor Warehouse, the leading sports and outdoor retailers in South Africa, as well as First Ascent, a rapidly expanding outdoor apparel and equipment brand.
Holdsport was listed on the JSE Limited (“JSE”) on 18 July 2011 and these are its maiden set of interim results.
The group produced a pleasing result in the first half of the year, with total sales increasing by 7.2% to R546.9 million and retail sales increasing by 6.5% to R523.7 million. The group operating profit increased by 8.7% to R89.8 million.
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