Condensed Consolidated Income Statement

	6 months to	6 months to		Year to
	28 February	29 February		31 August
	2005	2004	%	2004
R'000	(unaudited)	(unaudited)	change	(audited)
Continuing operations
Revenue	4 644 214	3 754 892	23.7	7 856 534
Turnover	4 378 101	3 506 154	24.9	7 394 151
Cost of merchandise	3 470 501	2 761 037	25.7	5 856 542
Gross profit	907 600	745 117	21.8	1 537 609
Other revenue	266 113	248 738	7.0	462 383
Expenditure	964 716	771 792	25.0	1 883 808
Operating expenditure	962 556	766 348	25.6	1 599 225
Profit on sale of Intercare	-	(587)		-
Impairment of property, plant and equipment	-	-		13 496
Loss on disposal of property, plant and equipment	2 160	546		1 920
Goodwill amortised	-	5 485		10 971
Goodwill impaired	-	-		258 196
Profit before interest and taxation	208 997	222 063	(5.9)	116 184
Net interest paid	(26 512)	(30 978)	(14.4)	(54 470)
Interest paid - normal operations	(26 512)	(30 978)		(54 470)
Interest accrued - Purchase Milton & Associates (PM&A)	-	24 986		24 986
Provision against interest accrued - PM&A	-	(24 986)		(24 986)
Net profit before taxation	182 485	191 085	(4.5)	61 714
Taxation	53 547	58 561	(8.6)	93 604
Net profit/(loss) from continuing operations	128 938	132 524	(2.7)	(31 890)
Discontinued operations
Revenue	-	725 929		725 929
Profit before interest and taxation	-	40 421		38 932
Net interest paid	-	(5 317)		(5 308)
Net profit before taxation	-	35 104		33 624
Taxation	-	11 012		14 287
Net profit from discontinued operations	-	24 092		19 337
Headline earnings
Total profit/(loss) attributable to ordinary shareholders	128 938	156 616	(17.7)	(12 553)
Adjustments for
Loss on the sale of stores	-	-		9 447
Profit on sale of Australian operations	-	(4 477)		(1 738)
Profit on sale of Intercare	-	(587)		(587)
Loss on disposal of property, plant and equipment	1 512	635		1 597
Goodwill amortised	-	10 786		16 272
Goodwill impairment	-	-		258 196
Headline earnings	130 450	162 973	(20.0)	270 634
Comprises:
Headline earnings from continuing operations	130 450	137 804	(5.3)	248 068
Headline earnings from discontinued operations	-	25 169		22 566
Undiluted headline earnings per share (cents)
All operations	38.3	45.9	(16.6)	76.5
Continuing operations	38.3	38.8	(1.3)	70.2
Diluted headline earnings per share (cents)
All operations	37.6	45.2	(16.8)	74.5
Continuing operations	37.6	38.2	(1.6)	68.3
Undiluted earnings per share (cents)
All operations	37.9	44.1	(14.1)	(3.6)
Continuing operations	37.9	37.3	1.6	(9.0)
Diluted earnings per share (cents)
All operations	37.2	43.5	(14.5)	(3.5)
Continuing operations	37.2	36.8	1.1	(8.8)
Distributions per share (cents)
Proposed/paid - June/July	11.2	12.5		12.5
Paid - December				22.5