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CSB
CSB
CSB - Cashbuild - Third 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")
THIRD QUARTER OPERATIONAL UPDATE - FY 2011
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 2009 (new stores - 12 stores) contributed 3% of
the increase, whilst existing stores (180 stores) contributed 1% of the
increase. This, together with the growth reported in the first half, equates to
an increase in revenue year to date of 6%.
Transactions through the tills during the third quarter increased by 2% with new
stores adding 3% and existing stores declining by 1%.
Units sold for the quarter increased by 9% (Half year: 8% increase). Existing
stores for the quarter increased by 7% (Half year: 5% increase).
The number of trading stores remained at 192 at the end of the 3rd quarter. No
new stores were opened during this quarter, 3 stores were refurbished and 1
store was relocated during the 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 remain competitive for the fourth
quarter of this financial year. Gross margin percentage as anticipated is
slightly lower than the percentage reported at the half year. Selling inflation
for the 3rd quarter was at levels of around 3% when compared to the same quarter
of the 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 increase on prior Total New Existi Percent
year per region ng age of
total
sales
% % % %
South Africa Half 9 3 6 86
year
Q3 6 3 3 86
Lesotho Half 4 - 4 2
year
Q3 - - - 2
Namibia Half (26) - (26) 2
year
Q3 (14) - (14) 1
Swaziland Half 3 - 3 5
year
Q3 - - - 5
Botswana (in Rand) Half (13) 4 (17) 5
year
Q3 (13) 1 (14) 5
Botswana (in Pula) Q3 (8) 1 (9)
Malawi (in Rand) Half (3) - (3) -
year
Q3 (13) - (13) 1
Malawi (in Q3 (1) - (1)
Kwatcha)
Total Cashbuild Half 7 3 4 100
year
Q3 4 3 1 100
Transaction increase on Total New Existi Percent
prior year per region ng age of
total
transac
tions
% % % %
South Africa Half 7 4 3 88
year
Q3 3 3 - 88
Lesotho Half 1 - 1 2
year
Q3 (2) - (2) 2
Namibia Half (8) - (8) 2
year
Q3 (4) - (4) 2
Swaziland Half (7) - (7) 3
year
Q3 (6) - (6) 3
Botswana Half (7) 3 (10) 4
year
Q3 (12) 1 (13) 4
Malawi Half 8 - 8 1
year
Q3 (5) - (5) 1
Total Cashbuild Half 5 3 2 100
year
Q3 2 3 (1) 100
Number of stores - end Total New Existing Percentage
quarter three of total
%
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
4 May 2011
Sponsor
Nedbank Capital
Date: 04/05/2011 12:46:01 Produced by the JSE SENS Department.
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