RECORD SALES AND TRADING PROFITS ACROSS ALL DIVISIONS: MASSMART.

(From SAPA (South African Press Association))

Massmart, South Africa's third largest distributor of consumer goods, the leader in general merchandise and liquor and the fourth largest in food, on Wednesday announced record results for the year ended June. Commenting on the results, Massmart chief executive Mark Lamberti said: "Massmart's sixth consecutive year of sales and profit growth was achieved successfully, despite a second half in which the residual consequences of exchange rate volatility presented unprecedented challenges to the management of sales, margin, inventory and foreign earnings. Sales had "almost doubled" since the group listed three years ago and a final dividend of 49,0 cents per share had been …