Online Annual Report 2009

Welcome
The group continuously improves the performance of its portfolio of businesses through strategic and structural clarity, large market shares, excellent management and technology, and the sharing of knowledge and resources.

Mark J Lamberti

Chairman's review

Among the more notable developments coincident with Massmartís reporting period was the nadir of the most serious global financial crisis since the Great Depression, South Africaís first recession in seventeen years, and the transition from the second to the fourth President of our Republic. read more

Grant Pattison

Chief Executive Officerís review

Managementís focus shifted during the year in response to declining sales growth. Without taking our eyes off the long-term growth imperative, the preservation of the income statement and balance sheet became paramount, with the threat to the availability of bank financing uppermost in our minds. read more

Sales and operating profit before foreign exchange movements

 

Market capitalisation

Sales and operating profit before foreign exchange movements   Market capitalisation

Highlights

Total sales* 10.7% increase

R43.1bn

     
Operating profit before
foreign exchange movements*

R2.0bn

     
Return on equity Down from 50.7%

R41.7%