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CSB
CSB
CSB - Cashbuild - Fourth 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")
FOURTH QUARTER OPERATIONAL UPDATE - FY 2010
Cashbuild is currently in the process of finalising its results for the year
ended 30 June 2010. In line with past practice and disclosure, Cashbuild
herewith provides its quarterly trading update.
Revenue for the company was up by 2% on the fourth quarter of the prior
financial year. Stores opened since 1 July 2008 (new stores - 21 stores)
contributed 4% of the increase, whilst existing stores (168 stores) decreased by
2%. Revenue for the financial year increased by 6%. (New stores 4% & existing
stores 2%)
Transactions through the tills during the 4th quarter increased by 2% with new
stores adding 4% and existing stores decreasing by 2%. For the financial year
transactions increased by 9% with new stores adding 6%, whilst existing stores
added 3%.
Units sold during the fourth quarter increased by 1%. Existing stores decreased
by 3%. For the financial year units sold increased by 1% with existing stores
decreasing by 3%.
Three new stores were opened during this quarter and one store closed (trading
in close proximity to another existing store), bringing the number of stores
trading at the end of the financial year to 189. One store was relocated during
this quarter and one store was refurbished.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Prospects
Management are disappointed with the growth in revenue experienced during this
4th trading quarter, in the light of good sales volumes achieved in South Africa
during the FIFA Soccer World Cup.
As mentioned in the third quarter update, the improvement seen in gross profit
percentage margins, has continued in the 4th quarter.
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 Existing Percentage of
year per region Growth total sales
% % % %
South Africa Half 12 7 5 84
year
Q3 6 4 2 84
Q4 5 4 1 84
Full 8 5 3 84
Year
Lesotho Half 17 - 17 3
year
Q3 9 - 9 3
Q4 10 - 10 3
Full 13 - 13 3
Year
Namibia Half 15 - 15 2
year
Q3 (13) - (13) 2
Q4 (21) - (21) 2
Full (1) - (1) 2
Year
Swaziland Half 6 - 6 5
year
Q3 15 - 15 5
Q4 1 - 1 5
Full 7 - 7 5
Year
Botswana(in Rand) Half (20) 2 (22) 5
year
Q3 (21) 2 (24) 5
Q4 (30) 3 (33) 5
Full (23) 2 (25) 5
year
Botswana(in Pula) Half (12) 2 (14)
year
Q3 (11) 3 (14)
Q4 (16) 3 (19)
Full (13) 2 (15)
year
Malawi (in Rand) Half (6) - (6) 1
year
Q3 (3) - (3) 1
Q4 16 - 16 1
Full (1) - (1) 1
year
Malawi(in Half 10 - 10
Kwatcha) year
Q3 21 - 21
Q4 44 - 44
Full 21 - 21
year
Total Half 9 6 3 100
year
Q3 4 3 1 100
Q4 2 4 (2) 100
Full 6 4 2 100
year
Transaction increase on Total New Existing Percentage of
prior year per region Growth total
transactions
% % % %
South Africa Half 13 7 6 87
year
Q3 9 5 4 87
Q4 3 5 (2) 88
Full 9 6 3 87
year
Lesotho Half 14 - 14 2
year
Q3 8 - 8 2
Q4 4 - 4 2
Full 10 - 10 2
year
Namibia Half 22 - 22 2
year
Q3 2 - 2 2
Q4 (10) - (10) 2
Full 8 - 8 2
year
Swaziland Half 7 - 7 4
year
Q3 1 - 1 4
Q4 (10) - (10) 4
Full 1 - 1 4
year
Botswana Half (1) 2 (3) 5
year
Q3 (6) 3 (9) 5
Q4 (17) 4 (21) 4
Full (6) 3 (9) 5
year
Malawi Half 9 - 9 -
year
Q3 12 - 12 -
Q4 21 - 21 -
Full 13 - 13 -
year
Total Half 13 7 6 100
year
Q3 7 4 3 100
Q4 2 4 (2) 100
Full 9 6 3 100
year
Number of stores - end Total New Existing Percentage
of year of total
%
South Africa 163 20 143 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 1 9 5
Malawi 1 - 1 1
Total 189 21 168 100
2 August 2010
Sponsor
Nedbank Capital
Date: 02/08/2010 10:44:01 Produced by the JSE SENS Department.
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