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CSB
CSB
CSB - Cashbuild - Third Quarter Operational Update FY 2007
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028230
("Cashbuild" or "the company")
THIRD QUARTER OPERATIONAL UPDATE - FY 2007
In line with past practice and disclosure, Cashbuild herewith provides its
quarterly trading update.
Revenue for the company was up by 32% on the third quarter of the prior
financial year. Stores opened since 1 July 2005 (new stores) contributed 12% of
the increase, whilst existing stores increased by 20%.
Transactions through the tills increased by 23% with new stores adding 13% and
existing stores growing by 10%.
Units sold increased by 18% (Half Year 15%). New stores added 12% (Half Year
13%) to the growth, whilst existing stores increased by 6% (Half Year 2%).
One new store was opened during this quarter bringing the number of stores
trading at the end of the quarter to 161. Two stores were relocated during this
quarter.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Prospects
Management is encouraged by the positive trading experienced in all the regions,
albeit off a lower base. Expectations for revenue growth in quarter four remain
positive.
Detail per region
The breakdown per region of the factual information given in the update above is
reflected in the following three tables:
Revenue increase on Percentage of
prior year per region total sales Total New Existing
% % % %
South Africa Half year 82 24 14 10
Q3 83 34 14 20
Lesotho Half year 2 12 - 12
Q3 2 21 - 21
Namibia Half year 3 23 5 18
Q3 2 21 1 20
Swaziland Half year 7 3 6 (3)
Q3 7 27 2 25
Botswana (in Rand) Half year 6 22 - 22
Q3 6 27 - 27
Malawi (in Rand) Half year - 7 - 7
Q3 - 25 - 25
Transaction increase Percentage
on prior year of total
per region transactions Total New Existing
% % % %
South Africa Half year 85 22 17 5
Q3 85 25 16 9
Lesotho Half year 2 9 - 9
Q3 2 8 - 8
Namibia Half year 3 26 9 17
Q3 3 7 4 3
Swaziland Half year 5 16 8 8
Q3 5 21 1 20
Botswana Half year 5 18 - 18
Q3 5 12 - 12
Malawi Half year - 3 - 3
Q3 - (5) - (5)
Number of stores - Percentage
end quarter three of total Total New Existing
%
South Africa 84 135 26 109
Lesotho 3 5 - 5
Namibia 2 4 1 3
Swaziland 4 6 1 5
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 161 28 133
16 April 2007
Sponsor
Nedbank Capital
Date: 16/04/2007 16:35:32 Produced by the JSE SENS Department.
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