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CSB
CSB
CSB - Cashbuild Limited - Second Quarter Operational Update - FY 2009
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 2009
Cashbuild is currently in the process of finalising its results for the half-
year ended December 2008. In line with past practice and disclosure, Cashbuild
herewith provides its quarterly trading update.
Revenue for the company was up by 26% on the second quarter of the prior
financial year. Stores opened since 1 July 2007 (new stores - 20 stores)
contributed 7% of the increase, whilst existing stores (162 stores) contributed
19%. This, together with the growth reported in quarter one, equates to an
increase in revenue for the half year of 27%.
Transactions through the tills during the 2nd quarter increased by 6% with new
stores adding 7% and existing stores decreasing by 1%. Half year increased by
6%, new stores adding 6% and existing stores remaining constant.
Units sold increased by 26% (Q1: 31% increase). Existing stores increased by 17%
(Q1: 26% increase). Half year increased by 28%, existing stores increasing by
21%.
Ten new stores were opened during this quarter (half year 11 stores) bringing
the number of stores trading at the end of the half year period to 182. 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 pleased by the positive trading experienced in all the regions
over the traditionally good festive season, except Namibia which was
disappointing.
The release of the half year results is expected during the week commencing 16
March 2009.
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 83 29 5 24
Q2 82 25 9 16
Half 82 27 7 20
year
Lesotho Q1 2 23 - 23
Q2 2 36 - 36
Half 2 29 - 29
year
Namibia Q1 2 19 - 19
Q2 2 3 - 3
Half 2 10 - 10
year
Swaziland Q1 5 20 - 20
Q2 5 14 - 14
Half 5 17 - 17
year
Botswana (in Rand) Q1 7 42 - 42
Q2 8 54 - 54
Half 8 47 - 47
year
Botswana (in Pula) Half 36 - 36
year
Malawi (in Rand) Q1 1 73 - 73
Q2 1 92 - 92
Half 1 79 - 79
year
Malawi (in Half 47 - 47
Kwatcha) year
Total Cashbuild Q1 100 29 4 25
Q2 100 26 7 19
Half 100 27 5 22
year
Transaction increase on Percenta Total New Existi
prior year per region ge of ng
total
transact
ions
% % % %
South Africa Q1 86 6 4 2
Q2 86 7 9 (2)
Half 86 7 7 -
year
Lesotho Q1 2 5 - 5
Q2 2 5 - 5
Half 2 5 - 5
year
Namibia Q1 2 (9) - (9)
Q2 2 (4) - (4)
Half 2 (6) - (6)
year
Swaziland Q1 4 (2) - (2)
Q2 4 (5) - (5)
Half 4 (3) - (3)
year
Botswana Q1 6 7 - 7
Q2 6 8 - 8
Half 6 8 - 8
year
Malawi Q1 - 35 - 35
Q2 - 23 - 23
Half - 28 - 28
year
Total Cashbuild Q1 100 6 4 2
Q2 100 6 7 (1)
Half 100 6 6 -
year
Number of stores - end Percentage Total New Existing
quarter two of total
%
South Africa 84 156 20 136
Lesotho 3 5 - 5
Namibia 2 4 - 4
Swaziland 4 6 - 6
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 182 20 162
19 January 2009
Sponsor
Nedbank Capital
Date: 19/01/2009 09:37:01 Produced by the JSE SENS Department.
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