REVIEWED PRELIMINARY GROUP RESULTS for the year ended 31 August 2008
    Year to   Year to  
    31 August   31 August  
    2008   2007 %
R’000 Note (reviewed)   (audited) change
Continuing operations          
Revenue   11 799 096   10 529 632 12.1
Turnover   11 281 156   10 051 373 12.2
Cost of merchandise sold   (9 070 132)   (8 153 049) 11.2
Gross profit   2 211 024   1 898 324 16.5
Other income   499 209   462 393 8.0
Expenses   (2 118 071)   (1 866 889) 13.5
  Depreciation and amortisation   (95 378)   (81 587) 16.9
  Occupancy costs   (306 488)   (284 605) 7.7
  Employment costs   (986 128)   (891 262) 10.6
  Other costs   (730 077)   (609 435) 19.8
             
Operating profit   592 162   493 828 19.9
Profit on disposal of property, plant and equipment   13 925   29 402  
Profit on disposal of business   1 244   –  
Goodwill impairment   –   (250)  
Profit before financing costs   607 331   522 980 16.1
Net financing costs   (51 184)   (38 827) 31.8
  Financial income   18 731   15 866  
  Financial expense   (69 915)   (54 693)  
             
Profit before taxation   556 147   484 153 14.9
Income tax expense   (147 377)   (129 965) 13.4
Profit for the year from continuing operations   408 770   354 188 15.4
Discontinued operations          
Profit for the year from discontinued
operations		 2 33 538   26 320  
Total profit for the year   442 308   380 508 16.2
Attributable to:          
  Equity holders of the parent   442 435   380 508 16.3
  Minority interest   (127)   –  
    442 308   380 508  
Earnings per share (cents)   148.4   113.2 31.1
Diluted earnings per share (cents)   145.6   109.9 32.5
Distributions per share (cents)          
  Interim paid   18.8   15.0 25.3
  Final declared/paid   42.3   33.2 27.4
    61.1   48.2 26.8