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CSB
CSB
CSB - Cashbuild - Fourth 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")
FOURTH QUARTER OPERATIONAL UPDATE - FY 2008
Cashbuild is currently in the process of finalising its results for the year
ended 30 June 2008. In line with past disclosure, Cashbuild provides herewith,
its 4th quarter operational update.
Revenue for the company was up by 18% on the fourth quarter of the prior
financial year (Q4 this year consists of 13 weeks compared to 14 weeks of the
prior year 4th quarter). Stores opened since 1 July 2006 (new stores - 24
stores) contributed 5% of the increase, whilst existing stores (149 stores)
increased by 13%. Revenue for the financial year increased by 17%. (New stores
6% & existing stores 11%) (2008 - 52 trading weeks versus 2007 - 53 weeks).
When comparing to comparable 52 weeks and comparable 13 weeks, revenue for the
quarter grew by 27% and for the full year by 20%
Transactions through the tills in quarter four increased by 2% (comparable weeks
10%) with new stores adding 4% and existing stores being down by 2%. For the
financial year transactions increased by 9% (comparable weeks 11%) with new
stores adding 6%, whilst existing stores added 3%.
Units sold for quarter four increased by 17% (comparable weeks 26%), new stores
adding 4% and existing stores increasing by 13%. For the financial year units
grew by 4% (comparable weeks 6%) (New stores 6% & existing stores down by 2%)
Five new stores were opened during this quarter, bringing the number of stores
trading at the end of the financial year to 173. A total of nine new stores were
opened for the year. No refurbishments or relocations were completed during this
quarter.
The release of the full year results is scheduled for the week commencing 15
September 2008.
Prospects
Management remains positive relating to the trading prospects for the first
quarter of the new financial year.
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 Existing
year per region ge of Increase
total
sales
% % % %
South Africa Q4 83 18 6 12
Full 83 18 8 10
Year
South Africa Q4 28 7 21
(comparable weeks)
Full 20 8 12
Year
Lesotho Q4 3 18 - 18
Full 2 22 - 22
Year
Lesotho (comparable Q4 25 - 25
weeks)
Full 24 - 24
Year
Namibia Q4 2 7 - 7
Full 2 6 - 6
Year
Namibia (comparable Q4 16 - 16
weeks)
Full 9 - 9
Year
Swaziland Q4 5 7 - 7
Full 6 3 - 3
Year
Swaziland Q4 15 - 15
(comparable weeks)
Full 5 - 5
Year
Botswana (in Rand) Q4 7 26 - 26
Full 7 27 - 27
Year
Botswana (in Rand) Q4 38 - 38
(comparable weeks)
Full 30 - 30
Year
Malawi (in Rand) Q4 0 60 - 60
Full 0 50 - 50
year
Malawi (in Rand) Q4 73 - 73
(comparable weeks)
Full 53 - 53
Year
Total Cashbuild Q4 100 18 5 13
Full 100 17 6 11
year
Total Cashbuild Q4 27 5 22
(comparable weeks)
Full 20 3 17
Year
Transaction increase on prior Percenta Total New Existing
year per region ge of Increase
total
transact
ions
% % % %
South Africa Q4 86 3 5 (2)
Full 86 10 7 3
Year
South Africa Q4 11 5 6
(comparable weeks)
Full 12 7 5
Year
Lesotho Q4 2 (1) - (1)
Full 2 12 - 12
Year
Lesotho (comparable Q4 5 - 5
weeks)
Full 13 - 13
Year
Namibia Q4 2 (8) - (8)
Full 2 (1) - (1)
Year
Namibia (comparable Q4 1 - 1
weeks)
Full 1 - 1
Year
Swaziland Q4 4 (10) - (10)
Full 5 (5) - (5)
Year
Swaziland Q4 (3) - (3)
(comparable weeks)
Full (4) (4)
Year
Botswana Q4 6 2 - 2
Full 5 9 - 9
Year
Botswana (comparable Q4 11 - 11
weeks)
Full 11 - 11
Year
Malawi Q4 0 33 - 33
Full 0 21 - 21
Year
Malawi (comparable Q4 45 - 45
weeks)
Full 23 - 23
Year
Total Cashbuild Q4 100 2 4 (2)
Full 100 9 6 3
Year
Total Cashbuild Q4 10 4 6
(comparable weeks)
Full 11 6 5
Year
Number of stores - Year end Percentage Total New Existing
of total
%
South Africa 85 147 24 123
Lesotho 3 5 - 5
Namibia 2 4 - 4
Swaziland 3 6 - 6
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 173 24 149
21 July 2008
Sponsor
Nedbank Capital
Date: 21/07/2008 13:06:02 Produced by the JSE SENS Department.
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