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Massmart reports resilient results

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Good sales growth despite challenging economic conditions.

Massmart today announced its full-year results for the 52 weeks to December 2015,
reporting a total sales increase of 8.4%, while comparable sales for the year increased by
6.7%. Effective margin management over the year lifted gross margins to 18.9% and this,
together with and robust expense control, led to 14.1% growth in group operating profit,
with volume growth of 5.4%.

Read the full Press Release here

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