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CSB
CSB
CSB - Cashbuild Limited - First quarter operational update - FY 2008
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company")
FIRST QUARTER OPERATIONAL UPDATE - FY 2008
In line with past practice and disclosure, Cashbuild provides herewith, its
quarterly trading update.
Revenue for the company was up by 16% on the 1st quarter of the prior
financial year. Stores opened since 1 July 2006 (new stores) contributed 7% of
the increase, and existing stores contributed 9%.
Transactions through the tills increased by 12% with new stores adding 8% and
existing stores contributing 4%.
Units sold decreased by 6% (existing stores: 12% decrease), mostly related to
brick and block sales, where one brick/block equals one unit.
In line with the store rollout plan, no new stores were opened, nor any store
refits done during this quarter. The number of stores trading at the end of
the quarter remained at 164. However various projects pertaining to new
stores, store refurbishments and store relocations were in progress during
this period that should result in two stores being opened, five stores being
refurbished and one store being relocated during the next four months.
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 prior Percenta Total New Existi
year per region ge of ng
total
sales
% % % %
South Africa Q1 82 17 9 8
Lesotho Q1 3 22 - 22
Namibia Q1 2 3 - 3
Swaziland Q1 6 (1) - (1)
Botswana (in Q1 7 20 - 20
Rand)
Malawi (in Rand) Q1 - 45 - 45
Transaction increase on Percenta Total New Existi
prior year per region ge of ng
total
transact
ions
% % % %
South Africa Q1 85 14 10 4
Lesotho Q1 2 12 - 12
Namibia Q1 3 1 - 1
Swaziland Q1 4 (7) - (7)
Botswana Q1 6 10 - 10
Malawi Q1 - 3 - 3
Number of stores - end Percentage Total New Existing
quarter one of total
%
South Africa 84 138 15 123
Lesotho 3 5 - 5
Namibia 2 4 - 4
Swaziland 4 6 - 6
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 164 15 149
1 November 2007
Sponsor
Nedbank Capital
Date: 01/11/2007 12:45:01 Produced by the JSE SENS Department.
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