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CSB
CSB
CSB - Cashbuild Limited - Fourth 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")
FOURTH QUARTER OPERATIONAL UPDATE - FY 2007
Cashbuild is currently in the process of finalising its results for the year
ended 30 June 2007. In line with past disclosure, Cashbuild provides herewith,
its 4th quarter operational update.
Revenue for the company was up by 35% on the fourth quarter of the prior
financial year (Q4 this year consists of 14 weeks compared to 13 weeks of the
prior year). Stores opened since 1 July 2005 (new stores) contributed 11% of the
increase, whilst existing stores increased by 24%. Revenue for the financial
year increased by a very pleasing 27%. (New stores - 11% & existing stores 16%)
(2007 - 53 weeks versus 2006 - 52 weeks).
Transactions through the tills in quarter four increased by 29% with new stores
adding 12% and existing stores growing by 17%. For the financial year
transactions increased by 25% with new stores adding 15%, whilst existing stores
added 10%.
Units sold for quarter four increased by 12%, new stores adding 10% and existing
stores increasing by 2%. For the financial year units grew by 15% (new stores -
11% & existing stores 4%).
Four new stores were opened during this quarter, as well as one old store being
closed (in a town where two stores were trading in close proximity), bringing
the number of stores trading at the end of the financial year to 164. Two stores
were refurbished and three stores were relocated during this quarter.
Prospects
A further announcement will follow closer to the release of the full year
results, which is scheduled for the week commencing 17 September 2007.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
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 Total
prior year per region total sales increase New Existing
% % % %
South Africa Half year 82 24 14 10
Q3 83 34 14 20
Q4 83 38 13 25
Full Year 83 30 14 16
Lesotho Half year 2 12 - 12
Q3 2 21 - 21
Q4 3 31 - 31
Full Year 2 19 - 19
Namibia Half year 3 23 5 18
Q3 2 21 1 20
Q4 2 32 6 26
Full Year 2 25 3 22
Swaziland Half year 7 3 6 (3)
Q3 7 27 2 5
Q4 6 13 1 12
Full Year 7 10 4 6
Botswana (in Rand) Half year 6 22 - 22
Q3 6 27 - 27
Q4 6 29 - 29
Full Year 6 25 - 25
Malawi (in Rand) Half year - 7 - 7
Q3 - 25 - 25
Q4 - 7 - 7
Full Year - 13 - 13
Total Cashbuild Half year - 22 12 10
Q3 - 32 12 20
Q4 - 35 11 24
Full Year - 27 11 16
Transaction increase Percentage
on prior year of total Total
per region transactions increase New Existing
% % % %
South Africa Half year 85 22 17 5
Q3 85 25 16 9
Q4 85 31 14 17
Full Year 85 25 16 9
Lesotho Half year 2 9 - 9
Q3 2 8 - 8
Q4 2 23 - 23
Full Year 2 12 - 12
Namibia Half year 3 26 9 17
Q3 3 7 4 3
Q4 3 18 9 9
Full Year 3 19 7 12
Swaziland Half year 5 16 8 8
Q3 5 21 1 20
Q4 5 13 1 12
Full Year 5 16 3 13
Botswana Half year 5 18 - 18
Q3 5 12 - 12
Q4 5 21 - 21
Full Year 5 18 - 18
Malawi Half year - 3 - 3
Q3 - (5) - (5)
Q4 - (2) - (2)
Full Year - - - -
Total Cashbuild Half year - 21 14 7
Q3 - 23 13 10
Q4 - 29 12 17
Full Year - 25 15 10
Number of stores - Percentage
Year-end of total Total New Existing
%
South Africa 84 138 30 108
Lesotho 3 5 - 5
Namibia 2 4 1 3
Swaziland 4 6 1 5
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 164 32 132
17 July 2007
Sponsor
Nedbank Capital
Date: 17/07/2007 13:33:02 Produced by the JSE SENS Department.
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