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CSB
CSB
CSB - Cashbuild Limited - Second Quarter Operational Update
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company")
SECOND QUARTER OPERATIONAL UPDATE - FY 2008
Cashbuild is currently in the process of finalising its results for the half-
year ended December 2007. In line with past practice and disclosure, Cashbuild
herewith provides its quarterly trading update.
Revenue for the company was up by 15% on the second quarter of the prior
financial year. Stores opened since 1 July 2006 (new stores - 17 stores)
contributed 6% of the increase, whilst existing stores (149 stores) contributed
9%. This, together with the growth reported in quarter one, equates to an
increase in revenue for the half year of 15%.
Transactions through the tills during the 2nd quarter increased by 12% with new
stores adding 6% and existing stores 6%. Half year increased by 12%, new stores
adding 7% and existing stores 5%.
Units sold decreased by 2% (Q1: 6% decrease). Existing stores decreased by 7%
(Q1: 12% decrease). Half year decreased by 4%, existing stores decreasing by
10%.
Two new stores were opened during this quarter (half year two stores) bringing
the number of stores trading at the end of the half year period to 166. One
store was relocated during this quarter, as well as five stores refurbished.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Prospects
Management is pleased by the positive trading experienced in all the regions
over the traditionally good festive season.
The release of the half year results is expected during the week commencing 17
March 2008.
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 Percent- Total New Exist-ing
prior year per region age of
total
sales
% % % %
South Africa Q1 82 17 9 8
Q2 83 16 8 8
Half 83 16 8 8
year
Lesotho Q1 3 22 - 22
Q2 2 15 - 15
Half 2 18 - 18
year
Namibia Q1 2 3 - 3
Q2 3 12 - 12
Half 2 8 - 8
year
Swaziland Q1 6 (1) - (1)
Q2 6 6 - 6
Half 6 3 - 3
year
Botswana(in Q1 7 20 - 20
Rand)
Q2 6 20 - 20
Half 7 20 - 20
year
Botswana(in Half - 25 - 25
Pula) year
Malawi (in Rand) Q1 - 45 - 45
Q2 - 27 - 27
Half - 35 - 35
year
Malawi(in Half - 39 - 39
Kwatcha) year
Transaction increase on Percent- Total New Exist-ing
prior year per region age of
total
transac-
tions
% % % %
South Africa Q1 85 14 10 4
Q2 86 13 8 5
Half 85 13 8 5
year
Lesotho Q1 2 12 - 12
Q2 2 17 - 17
Half 2 14 - 14
year
Namibia Q1 3 1 - 1
Q2 2 1 - 1
Half 3 1 - 1
year
Swaziland Q1 4 (7) - (7)
Q2 5 - - -
Half 5 (4) - (4)
year
Botswana Q1 6 10 - 10
Q2 5 10 - 10
Half 5 10 - 10
year
Malawi Q1 - 3 - 3
Q2 - 8 - 8
Half - 6 - 6
year
Number of stores - end Percentage Total New Existing
quarter two of total
%
South Africa 84 140 17 123
Lesotho 3 5 - 5
Namibia 2 4 - 4
Swaziland 4 6 - 6
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 166 17 149
21 January 2008
Sponsor
Nedbank Capital
Date: 21/01/2008 15:24:01 Produced by the JSE SENS Department.
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