New Clicks Holdings Limited [logo]
Interim Group Results  for the six months ended 28 February 2006
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Notes Commentary Distribution

Diluted Headline EPS
40.2 cents

Turnover
R5.0 billion

Headline Earnings
up 8.1%

     

The transition of New Clicks has continued over the period, with financial performance improving and turnover growing at satisfactory levels.

Group turnover increased by 14.2%. UPD maintained its strong performance with growth of 28.9%. Retail turnover increased by 9.0% (9.5% on a comparable store basis) despite a benign inflationary environment.

The decisive management action taken in Clicks over the past year is starting to reflect in an improved operating performance, evidence that the business is stabilising. Discom, the Entertainment division (Musica and CD Wherehouse) and wholesale distributor UPD continued to deliver strong performances.