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CSB
CSB
CSB - Cashbuild Limited - Fourth 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")
FOURTH QUARTER OPERATIONAL UPDATE - FY 2011
Cashbuild is currently in the process of finalising its results for the
year ended 30 June 2011. In line with past practice and disclosure,
Cashbuild herewith provides its quarterly trading update.
Revenue for the company was up by 5% on the fourth quarter of the prior
financial year. Stores opened since 1 July 2009 (new stores - 13 stores)
contributed 3% of the increase, whilst existing stores (178 stores)
increased by 2%. Revenue for the financial year increased by 6%. (New
stores 3% & existing stores, 3%)
Transactions through the tills during the 4th quarter increased by 1%
with new stores adding 3% and existing stores decreasing by 2%. For the
financial year transactions increased by 4% with new stores adding 3%,
whilst existing stores added 1%.
Units sold during the fourth quarter increased by 17%. Existing stores
increased by 14%. For the financial year units sold increased by 11% with
existing stores increasing by 8%.
One new store was 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 191. One
store was relocated during this quarter and five stores were refurbished.
In addition to the factual part of the operational update given above,
the following paragraphs will only deal with indicative information.
Prospects
Gross profit margin remained stable during the fourth quarter at similar
levels to those experienced during the first half. Selling price
inflation was around 2% at the end of June 2011 when compared to June
2010. Management expect trading conditions to remain competitive into the
new financial year. Revenue for the first three trading weeks since year-
end have reported an increase of 11% on that of the comparable three
weeks.
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 Exist- Percen-
year per region Growth ing tage of
total
sales
% % % %
South Africa Half year 9 3 6 86
Q3 6 3 3 86
Q4 7 3 4 86
Full Year 8 4 4 86
Lesotho Half year 4 - 4 2
Q3 - - - 2
Q4 - - - 3
Full Year 2 - 2 3
Namibia Half year (26) - (26) 2
Q3 (14) - (14) 1
Q4 (10) - (10) 1
Full Year (20) - (20) 1
Swaziland Half year 3 - 3 5
Q3 - - - 5
Q4 (6) - (6) 5
Full Year 1 - 1 5
Botswana(in Rand) Half year (13) 4 (17) 5
Q3 (13) 1 (14) 5
Q4 (9) - (9) 4
Full year (12) 2 (14) 4
Botswana(in Pula) Half year (6) 3 (9)
Q3 (8) 1 (9)
Q4 (7) - (7)
Full year (7) 2 (9)
Malawi (in Rand) Half year (3) - (3) -
Q3 (13) - (13) 1
Q4 (26) - (26) 1
Full year (6) - (6) 1
Malawi(in Half year 12 - 12
Kwatcha)
Q3 (1) - (1)
Q4 5 - 5
Full year 7 - 7
Total Half year 7 3 4 100
Q3 4 3 1 100
Q4 5 3 2 100
Full year 6 3 3 100
Transaction increase on Total New Exist- Percen-
prior year per region Growth ing age of
total
transac-
tions
% % % %
South Africa Half year 7 4 3 88
Q3 3 3 - 88
Q4 2 3 (1) 89
Full year 5 4 1 89
Lesotho Half year 1 - 1 2
Q3 (2) - (2) 2
Q4 (2) - (2) 2
Full year - - - 2
Namibia Half year (8) - (8) 2
Q3 (4) - (4) 2
Q4 (11) - (11) 2
Full year (8) - (8) 2
Swaziland Half year (7) - (7) 3
Q3 (6) - (6) 3
Q4 (6) - (6) 3
Full year (7) - (7) 3
Botswana Half year (7) 3 (10) 4
Q3 (12) 1 (13) 4
Q4 (11) 1 (12) 4
Full year (9) 2 (11) 4
Malawi Half year 8 - 8 1
Q3 (5) - (5) 1
Q4 (6) - (6) -
Full year 1 - 1 -
Total Half year 5 3 2 100
Q3 2 3 (1) 100
Q4 1 3 (2) 100
Full year 4 3 1 100
Number of stores - end of Total New Existing Percentage
year of total
%
South Africa 165 12 152 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 1 9 5
Malawi 1 - 1 1
Total 191 13 178 100
25 July 2011
Sponsor
Nedbank Capital
Date: 25/07/2011 14:06:01 Produced by the JSE SENS Department.
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