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CSB
CSB
CSB - Cashbuild Limited - Second Quarter Operational Update - Fy 2011
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 2011
Cashbuild is currently in the process of finalising its results for the half-
year ended December 2010. 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 2009 (new stores - 12 stores)
contributed 3% of the increase, whilst existing stores (180 stores) contributed
5%. This, together with the growth reported in quarter one, equates to an
increase in revenue for the half year of 7%.
Transactions through the tills during the 2nd quarter increased by 6% with new
stores adding 3% and existing stores increasing by 3%. Half year increased by
5%, new stores adding 3% and existing stores increasing by 2%.
Units sold increased by 11% (Q1: 6% increase). Existing stores increased by 8%
(Q1:1% increase). Half year increased by 8% on prior half year, existing stores
increasing by 5%.
Three new stores were opened during this quarter (half year 4 stores) bringing
the number of stores trading at the end of the half year period to 192. One
store was refurbished during this quarter (half year 5). No stores were
relocated. One store was closed that traded in close proximity to another
existing store.
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 percentage margins remain at similar levels to quarter one, albeit
at slightly lower levels than that of the 2nd half prior financial 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 Total New Existing Percentage
region of total
sales
% % % %
South Africa Q1 7 3 4 85
Q2 11 4 7 86
Half 9 3 6 86
Year
Lesotho Q1 5 - 5 3
Q2 4 - 4 2
Half 4 - 4 2
Year
Namibia Q1 (29) - (29) 2
Q2 (24) - (24) 2
Half (26) - (26) 2
Year
Swaziland Q1 1 - 1 5
Q2 6 - 6 5
Half 3 - 3 5
Year
Botswana (in Rand) Q1 (14) 4 (18) 5
Q2 (12) 2 (14) 5
Half (13) 4 (17) 5
Year
Botswana (in Pula) Half (6) 3 (9)
Year
Malawi (in Rand) Q1 2 - 2 -
Q2 (9) - (9) -
Half (3) - (3) -
Year
Malawi (in Kwatcha) Half 12 - 12
Year
Total Cashbuild Q1 5 3 2 100
Q2 8 3 5 100
Half 7 3 4 100
Year
Transactions versus prior year Total New Existing Percentage of total
per region transactions
% % % %
South Africa Q1 7 4 3 88
Q2 7 3 4 88
Half 7 4 3 88
Year
Lesotho Q1 2 - 2 2
Q2 1 - 1 2
Half 1 - 1 2
Year
Namibia Q1 (12) - (12) 2
Q2 (5) - (5) 2
Half (8) - (8) 2
Year
Swaziland Q1 (9) - (9) 3
Q2 (5) - (5) 3
Half (7) - (7) 3
Year
Botswana Q1 (8) 4 (12) 4
Q2 (6) 2 (8) 4
Half (7) 3 (10) 4
Year
Malawi Q1 6 - 6 1
Q2 9 - 9 1
Half 8 - 8 1
Year
Total Cashbuild Q1 5 4 1 100
Q2 6 3 3 100
Half 5 3 2 100
Year
Number of stores - end Total New Existing Percentage of total
quarter two
%
South Africa 166 11 155 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 1 9 5
Malawi 1 - 1 1
Total 192 12 180 100
17 January 2011
Sponsor
Nedbank Capital
Date: 17/01/2011 11:38:01 Produced by the JSE SENS Department.
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