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CSB
CSB
CSB - Cashbuild Limited - First quarter operational update - FY 2012
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 2012
In line with past practice and disclosure, Cashbuild herewith provides its
quarterly trading update.
Revenue for the company was up by 8% on the first quarter of the prior financial
year. Stores opened since 1 July 2010 (new stores - 5 stores) contributed 1% of
the increase, whilst existing stores (186 stores) contributed 7%.
Transactions through the tills during the 1st quarter increased by 1% with new
stores adding 2% and existing stores decreasing by 1%.
Units sold increased by 10% Existing stores increased by 8%.
No new stores were opened during this quarter therefore the number of stores
trading at the end of the 1st quarter remained at 191. 2 stores were refurbished
during this quarter and no stores were relocated.
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Summary
Management is satisfied with the growth in revenue experienced during this
quarter. Trading conditions remained tough throughout the quarter. Selling
inflation was at 4.1% at the end of September 2011 when compared to September
2010. Gross profit percentage margins have declined slightly when compared to
that reported for the previous 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 Total New Existing Percentage of
per region total sales
% % % %
South Africa Q1 10 2 8 87
Lesotho Q1 13 - 13 3
Namibia Q1 28 - 28 2
Swaziland Q1 (8) - (8) 4
Botswana (in Rand) Q1 (8) - (8) 4
Botswana (in Pula) Q1 (7) - (7)
Malawi (in Rand) Q1 (6) - (6) -
Malawi (in Kwatcha) Q1 - - -
Total Cashbuild Q1 8 1 7 100
Transactions versus prior Total New Existing Percentage of
year per region total
transactions
% % % %
South Africa Q1 2 2 - 89
Lesotho Q1 - - - 2
Namibia Q1 13 - 13 3
Swaziland Q1 (8) - (8) 2
Botswana Q1 (12) - (12) 4
Malawi Q1 (18) - (18) -
Total Cashbuild Q1 1 2 (1) 100
Number of stores - end Total New Existing Percentage of
quarter one total
%
South Africa 165 5 160 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 - 10 5
Malawi 1 - 1 1
Total 191 5 186 100
7 November 2011
Sponsor
Nedbank Capital
Date: 07/11/2011 12:30:43 Produced by the JSE SENS Department.
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