|
CSB
CSB
CSB - Cashbuild Limited - Second Quarter Operational Update - Fy 2010
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 2010
Cashbuild is currently in the process of finalising its results for the half-
year ended December 2009. In line with past practice and disclosure, Cashbuild
herewith provides its quarterly trading update.
Revenue for the company was up by 8% on the second quarter of the prior
financial year. Stores opened since 1 July 2008 (new stores - 18 stores)
contributed 5% of the increase, whilst existing stores (170 stores) contributed
3%. This, together with the growth reported in quarter one, equates to an
increase in revenue for the half year of 9%.
Transactions through the tills during the 2nd quarter increased by 11% with new
stores adding 5% and existing stores increasing by 6%. Half year increased by
13%, new stores adding 7% and existing stores increasing by 6%.
Units sold increased by 1% (Q1: 2% decrease). Existing stores decreased by 4%
(Q1:7% decrease). Half year flat on prior year, existing stores decreasing by
5%.
Four new stores were opened during this quarter (half year 5 stores) bringing
the number of stores trading at the end of the half year period to 188. Four
stores were refurbished during this quarter as well as for the half year. No
stores were relocated.
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 with the trading experienced in all the regions over the
traditionally good festive season, except Botswana, which was disappointing.
Selling price inflation during this quarter was around 1%. What is still
pleasing is the continued excellent growth of 11% in customer transactions of
which 6% is of the existing store base.
As reported during the first quarter update, in the current tough trading
environment, gross profit margins remain under pressure and are at similar
percentage levels as the second half of the previous financial year. Operating
expenses are higher mainly due to the increase in staff cost with salary
increases becoming effective 1 July 2009. Both of the above consequently had a
negative effect on operating margins.
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 year Total New Existing Percentage
per region of total
sales
% % % %
South Africa Q1 12 7 5 84
Q2 11 6 5 84
Half year 12 7 5 84
Lesotho Q1 23 - 23 2
Q2 11 - 11 3
Half year 17 - 17 3
Namibia Q1 14 - 14 2
Q2 16 - 16 2
Half year 15 - 15 2
Swaziland Q1 11 - 11 5
Q2 3 - 3 5
Half year 6 - 6 5
Botswana (in Rand) Q1 (15) - (15) 6
Q2 (23) 3 (26) 5
Half year (20) 2 (22) 5
Botswana (in Pula) Half year (12) 2 (14)
Malawi (in Rand) Q1 5 - 5 1
Q2 (12) - (12) 1
Half year (6) - (6) 1
Malawi (in Half year 10 - 10
Kwatcha)
Total Cashbuild Q1 10 6 4 100
Q2 8 5 3 100
Half year 9 6 3 100
Transaction increase on prior Total New Existing Percentage of
year per region total
transactions
% % % %
South Africa Q1 15 8 7 86
Q2 12 6 6 87
Half year 13 7 6 87
Lesotho Q1 18 - 18 2
Q2 11 - 11 2
Half year 14 - 14 2
Namibia Q1 26 - 26 2
Q2 18 - 18 2
Half year 22 - 22 2
Swaziland Q1 10 - 10 4
Q2 4 - 4 4
Half year 7 - 7 4
Botswana Q1 1 - 1 5
Q2 (3) 4 (7) 4
Half year (1) 2 (3) 5
Malawi Q1 12 - 12 1
Q2 6 - 6 1
Half year 9 - 9 0
Total Cashbuild Q1 14 7 7 100
Q2 11 5 6 100
Half year 13 7 6 100
Number of stores - end Total New Existing Percentage
quarter two of total
%
South Africa 161 144 17 86
Lesotho 5 5 - 3
Namibia 4 4 - 2
Swaziland 6 6 - 3
Botswana 11 10 1 6
Malawi 1 1 - 0
Total 188 170 18 100
1 February 2010
Sponsor
Nedbank Capital
Date: 01/02/2010 11:49:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
| Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information. | |||||||||||||
| Other Profile Group sites: FundsData Online (unit trust data) | Profile Group corporate site | |||||||||||||
| [ Terms of Use | Privacy Policy | PAIA manual | FAQs/Help | Site Map | © Copyright Reserved 2026 ] | |||||||||||||
|
|||||||||||||
