INTERIM GROUP RESULTS for the six months ended 28 February 2009
  6 months to   6 months to       Year to
  28 February   29 February       31 August
  2009   2008   %   2008
  (unaudited)   (unaudited)   change   (audited)
R’000     (restated)       (restated)
Continuing operations              
Revenue 6 278 681   5 838 542   7.5   11 711 517
Turnover 5 994 535   5 600 805   7.0   11 193 577
Cost of merchandise sold (4 757 073)   (4 479 015)   6.2   (8 984 267)
Gross profit 1 237 462   1 121 790   10.3   2 209 310
Other income 276 269   226 634   21.9   499 209
Expenses (1 159 148)   (1 049 267)   10.5   (2 118 071)
   Depreciation and amortisation (55 314)   (46 410)   19.2   (95 378)
   Occupancy costs (171 847)   (152 091)   13.0   (306 488)
   Employment costs (551 360)   (490 060)   12.5   (986 128)
   Other costs (380 627)   (360 706)   5.5   (730 077)
               
Operating profit 354 583   299 157   18.5   590 448
(Loss)/profit on disposal of property, plant and equipment (938)   18 806       13 925
Profit on disposal of business   1 244       1 244
Profit before financing costs 353 645   319 207   10.8   605 617
Net financing costs (35 011)   (16 406)   113.4   (51 184)
   Financial income 7 877   11 103       18 731
   Financial expense (42 888)   (27 509)       (69 915)
               
Profit before taxation 318 634   302 801   5.2   554 433
Income tax expense (87 610)   (82 082)   6.7   (146 897)
Profit for the year from continuing operations 231 024   220 719   4.7   407 536
Discontinued operations              
Profit for the year from discontinued operations   33 681       33 538
Total profit for the year 231 024   254 400   (9.2)   441 074
Attributable to:              
   Equity holders of the parent 230 971   254 400   (9.2)   441 201
   Minority interest 53         (127)
  231 024   254 400       441 074
Earnings per share (cents) 80.5   83.1   (3.1)   148.0
Diluted earnings per share (cents) 80.0   82.2   (2.7)   145.2
Distributions per share (cents)              
   Interim proposed/paid 24.5   18.8   30.3   18.8
   Final paid         42.3
  24.5   18.8   30.3   61.1
               

  6 months to   6 months to       Year to
  28 February   29 February       31 August
  2009   2008   %   2008
  (unaudited)   (unaudited)   change   (audited)
R’000     (restated)       (restated)
Total profit for the year attributable to equity holders of the parent 230 971   254 400       441 201
Adjustments for              
    (Loss)/profit on disposal of property, plant and equipment 675   (16 237)       (12 412)
    Profit on disposal of business   (28 742)       (29 162)
Headline earnings 231 646   209 421   10.6   399 627
Headline earnings per share (cents) 80.7   68.4   18.0    
Diluted headline earnings per share (cents) 80.3   67.6   18.8