INTERIM RESULTS
For the six months 31 December 2002


Income Statements

(Rand 000's unless otherwise stated) Unaudited
six months to
31 December 2002
%
increase
Unaudited
six months to
31 December 2001
Audited
year to
30 June 2002

Turnover

  - By group owned stores

407 324

  305 990 619 812
  - By franchise owned stores

317 389

  227 162 469 797

Total

724 713

35.9 533 152 1 089 609

Trading profit before depreciation

84 568

  56 033 140 841
Depreciation

(6 396)

  (5 923) (11 586)

Trading profit

78 172

56.0 50 110 129 255
Interest received

1 179

  1 005 3 129
Dividends received

938

  572

Profit before taxation

80 289

57.1 51 115 132 956
Taxation

(25 475)

  (15 781) (36 565)

Profit after taxation

54 814

55.1 35 334 96 391
Outside shareholders' interest

(1 293)

  (314) (1 476)

Earnings attributable to ordinary shareholders

53 521

52.8 35 020 94 915
Weighted average number of shares in issue (000's)

18 396

  18 311 18 311
Earnings per share (cents)

290.9

52.1 191,3 518,3
Headline earnings per share (cents)

290,9

52.1 191,3 518,3
Dividends declared per share (cents)

50,0

42.9 35,0 100,0

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