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CSB
CSB
CSB - Cashbuild Limited - Third 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")
THIRD QUARTER OPERATIONAL UPDATE - FY 2009
In line with past practice and disclosure, Cashbuild herewith provides its
quarterly trading update.
Revenue for the company was up by 29% on the third quarter of the prior
financial year. Stores opened since 1 July 2007 (new stores - 20 stores)
contributed 10% of the increase, whilst existing stores (161 stores)
contributed 19%.
Transactions through the tills during the 3rd quarter increased by 13% with
new stores adding 9% and existing stores 4%.
Units sold increased by 19%. Existing stores increased by 9%.
No new stores were opened during this quarter. In line with our strategy, one
store was closed (trading in close proximity to 2 existing stores), bringing
the number of stores trading at the end of the quarter to 181. One store was
relocated during this quarter and no refurbishments done.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Prospects
Management is very pleased with the growth in revenue experienced during this
quarter, which is positively enhanced by the fact that Easter fell in this
quarter during the prior year. Management remain positive regarding trading
for the fourth quarter.
With the substantial reduction in the price of steel in recent months, the
prices of steel related products have decreased accordingly. This being a big
portion of Cashbuild`s business, as well as the level of stockholding has,
and will in the next quarter have a short term negative effect on gross
margins as Cashbuild have marked down existing stockholding in line with our
strategy of lowest everyday pricing.
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 Percentage Total New Existing
year per region of total Growth
sales
% % % %
South Africa Half year
82 27 7 20
Q3 83 29 11 18
Lesotho Half year
2 29 - 29
Q3 2 26 - 26
Namibia Half year
2 10 - 10
Q3 2 40 - 40
Swaziland Half year
5 17 - 17
Q3 5 10 - 10
Botswana(in Half year
Rand) 8 47 - 47
Q3 7 45 - 45
Botswana(in Q3 36 - 36
Pula)
Malawi (in Half year
Rand) 1 79 - 79
Q3 1 80 - 80
Malawi(in
Kwatcha) Q3 31 - 31
Total Half year
100 27 5 22
Q3 100 29 10 19
Transaction increase on Percentage Total New Existing
prior year per region of total Growth
transactions
% % % %
South Africa Half year
86 7 7 -
Q3 86 14 11 3
Lesotho Half year
2 5 - 5
Q3 2 10 - 10
Namibia Half year
2 (6) - (6)
Q3 2 14 - 14
Swaziland Half year
4 (3) - (3)
Q3 4 (1) - (1)
Botswana Half year
6 8 - 8
Q3 5 17 - 17
Malawi Half year
- 28 - 28
Q3 1 12 - 12
Total Half year
100 6 6 -
Q3 100 13 9 4
Number of stores - end Percentage Total New Existing
quarter three of total
%
South Africa 85 155 20 135
Lesotho 3 5 - 5
Namibia 2 4 - 4
Swaziland 3 6 - 6
Botswana 6 10 - 10
Malawi 1 1 - 1
Total 100 181 20 161
28 April 2009
Sponsor
Nedbank Capital
Date: 28/04/2009 15:12:11 Produced by the JSE SENS Department.
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