woolworths holdings limited

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woolworths holdings limited
highlights (continuing operations)

• Revenue up 20.6
• Profit before tax and exceptional items up 37.0
• Headline earnings up 54.2
• Headline earnings per share up 60.3
• Interim dividend per share up 40 to 10,5 cents

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woolworths operations
trading environment

• General
• Rand depreciated 37.0 before making up lost
  ground
• Inflation spiralled, especially food
• Tax relief
• High house prices
• Lower real indebtedness
• Delayed impact of higher interest rates
• Woolworths
• In general Woolworths reacted better to these
  boom stimuli than normally expected

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woolworths operations
highlights

• Sales up 20.4
• Profit before tax and exceptional items up 40.6
• Textiles positioning and market share continue to
  improve
• Foods market share continues to grow
• Financial services growth benefited from higher
  sales and interest rates
• International base for growth established
• Sales outperform costs

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country road limited
trading environment

• Tough and competitive environment continued
  throughout six months ending
• 31 December
• Apparel retailing particularly difficult with
  heavy discounting pre-Christmas
• Abnormal weather patterns, drought, bushfires and
  uncertainty over Iraq
• dampened consumer confidence
• Myer/Grace first half sales down 1.9 on previous
  year
• David Jones first half sales up 4.4 on previous
  year

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country road limited
highlights (continuing operations)

• Sales up 3.3
• Profit before tax A0,9m (R3,6m) (Dec 2001
  A0,3m (R10,3m))
• Continual improvement in fashionability, quality
  and value
• Improved stockturn and reduced stock levels 24
• Completed replacement of core systems
• First store opened in Kuwait
• Norwood in South Australia and Newmarket store in
  Auckland, New Zealand refurbished to new design
• Finalisation of US exit

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woolworths holdings results
income statement
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woolworths holdings results
Profit before tax exceptional items and HEPS
cents per share
Rm
continuing operations
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woolworths holdings results
balance sheet
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woolworths holdings results
cash flow
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woolworths holdings results
return on equity
gt20
WACC 17
WACC 15
annualised
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woolworths operations results
income statement
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woolworths operations
performance
textiles like for like SA sales 14.1 foods like
for like SA sales 18.2
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country road limited results
income statement
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country road limited results
balance sheet