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CSB
CSB
CSB - Cashbuild - Third 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")
THIRD QUARTER OPERATIONAL UPDATE - FY 2010
In line with past practice and disclosure, Cashbuild herewith provides its
quarterly trading update.
Revenue for the company was up by 4% on the third quarter of the prior financial
year. Stores opened since 1 July 2008 (new stores - 18 stores) contributed 3% of
the increase, whilst existing stores (169 stores) contributed 1%. This, together
with the growth reported in the first half, equates to an increase in revenue
year to date of 7%.
Transactions through the tills during the third quarter increased by 7% with new
stores adding 4% and existing stores increasing by 3%.
Units sold for the quarter increased by 5% (Half year: 0% increase). Existing
stores for the quarter increased by 2% (Half year: 5% decrease).
No new stores were opened during this quarter. In line with our strategy, one
store was closed (trading in close proximity to an existing store), bringing the
number of stores trading at the end of the quarter to 187. No stores were
refurbished or 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 expects trading conditions to become more competitive for the fourth
quarter of this financial year. Gross margin percentage improved compared to
levels experienced during the first half of the financial year. Selling
inflation for the quarter remained at levels of around 1%.
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 Total New Existi Percentage
year per region ng of total
sales
% % % %
South Africa Half 12 7 5 84
year
Q3 6 4 2 84
Lesotho Half 17 - 17 3
year
Q3 9 - 9 3
Namibia Half 15 - 15 2
year
Q3 (13) - (13) 2
Swaziland Half 6 - 6 5
year
Q3 15 - 15 5
Botswana (in Rand) Half (20) 2 (22) 5
year
Q3 (21) 2 (24) 5
Botswana (in Pula) Q3 (11) 3 (14)
Malawi (in Rand) Half (6) - (6) 1
year
Q3 (3) - (3) 1
Malawi (in Q3 21 - 21
Kwatcha)
Total Cashbuild Half 9 6 3 100
year
Q3 4 3 1 100
Transaction increase on Total New Existi Percentage
prior year per region ng of total
transactions
% % % %
South Africa Half 13 7 6 87
year
Q3 9 5 4 87
Lesotho Half 14 - 14 2
year
Q3 8 - 8 2
Namibia Half 22 - 22 2
year
Q3 2 - 2 2
Swaziland Half 7 - 7 4
year
Q3 1 - 1 4
Botswana Half (1) 2 (3) 5
year
Q3 (6) 3 (9) 5
Malawi Half 9 - 9 0
year
Q3 12 - 12 0
Total Cashbuild Half 13 7 6 100
year
Q3 7 4 3 100
Number of stores - end Total New Existing Percentage
quarter three of total
%
South Africa 160 17 143 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 11 1 10 6
Malawi 1 - 1 0
Total 187 18 169 100
28 April 2010
Sponsor
Nedbank Capital
Date: 28/04/2010 09:20:03 Produced by the JSE SENS Department.
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