INTERIM RESULTS
For the six months 31 December 2001


Income Statements

(Rand 000's unless otherwise stated) Unaudited
six months to
31 December 2001
%
increase
Unaudited
six months to
31 December 2000
Audited
year to
30 June 2001

Turnover

  - By group owned stores

305 990

  245 587 455 329
  - By franchise owned stores

227 162

  161 808 332 595

Total

533 152

30.9 407 395 787 924

Trading profit before depreciation

56 033

  41 116 88 852
Depreciation

(5 923)

  (4 049) (6 497)

Trading profit

50 110

35.2 37 067 82 355
Interest received

1 005

  712 1 983
Profit on sale of fixed property

0

  568 568

Profit before taxation

51 115

33.3 38 347 84 906
Taxation

(15 781)

  (11 437) (27 307)

Profit after taxation

35 334

31.3 26 910 57 599
Outside shareholders' interest

(314)

  (53) 1 011

Earnings attributable to ordinary shareholders

35 020

30.4 26 857 58 610
Number of shares in issue (000's)

18 311

  18 311 18 311
Earnings per share (cents)

191,3

30.4 146,7 320,1
Headline earnings per share (cents)

191,3

33.2 143,6 317,0
Dividends per share (cents)

35,0

20.7 29,0 60,0

Reconciliation of headline earnings

Earnings attributable to ordinary shareholders

35 020

  26 857 58 610
Profit on sale of fixed property

0

  (568) (568)

Heading earnings

35 020

  26 289 58 042

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