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CSB
CSB
CSB - Cashbuild Limited - First quarter operational update - FY 2011
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB ISIN: ZAE000028230
("Cashbuild" or "the company")
FIRST QUARTER OPERATIONAL UPDATE - FY 2011
In line with past practice and disclosure, Cashbuild provides herewith, its
quarterly trading update.
Revenue for the company was up by 5% on the 1st quarter of the prior financial
year. Stores opened since 1 July 2009 (new stores - 9 stores) contributed 3% of
the increase, and existing stores (181 stores) contributed 2%.
Transactions through the tills increased by 5% with new stores adding 4% and
existing stores contributing 1%.
Units sold increased by 7% (existing stores: 4% increase).
One new store was opened during this quarter, bringing the number of stores
trading at the end of the quarter to 190. Four stores were refurbished 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 satisfied with the growth in revenue experienced during this
quarter. Trading conditions remained tough throughout the quarter. Selling
inflation for the quarter amounted to approximately 2%.
Gross profit margins remain solid albeit at slightly lower levels than that of
the 2nd half prior year.
Detail per region
The breakdown per region of the factual information given in the update above is
reflected in the following three tables:
Revenue versus prior year per region Total New Existing Percentage
of total
sales
% % % %
South Africa Q1 7 3 4 85
Lesotho Q1 5 - 5 3
Namibia Q1 (29) - (29) 2
Swaziland Q1 1 - 1 5
Botswana (in Rand) Q1 (14) 4 (18) 5
Botswana (in Pula) Q1 (8) 4 (12)
Malawi (in Rand) Q1 2 - 2 -
Malawi (in Kwatcha) Q1 17 - 17
Total Cashbuild Q1 5 3 2 100
Transactions versus prior year per Total New Existing Percentage
region of total
transaction
s
% % % %
South Africa Q1 7 4 3 88
Lesotho Q1 2 - 2 2
Namibia Q1 (12) - (12) 2
Swaziland Q1 (9) - (9) 3
Botswana Q1 (8) 4 (12) 4
Malawi Q1 6 - 6 1
Total Cashbuild Q1 5 4 1 100
Number of stores - end quarter Total New Existing Percentage
one of total
%
South Africa 164 8 156 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 1 9 5
Malawi 1 - 1 1
Total 190 9 181 100
8 November 2010
Sponsor
Nedbank Capital
Date: 08/11/2010 14:17:01 Produced by the JSE SENS Department.
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