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CSB
CSB
CSB - Cashbuild Limited - Second 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")
SECOND QUARTER OPERATIONAL UPDATE - FY 2012
Cashbuild is currently in the process of finalising its results for the
half-year ended December 2011. In line with past practice and disclosure,
Cashbuild herewith provides its 2nd quarter operational update.
Revenue for the 2nd quarter and the half year increased by 9% compared to the
same periods of the prior financial year. Stores opened since 1 July 2010 (new
stores - 6 stores) contributed 1% of the increase, whilst existing stores (185
stores) contributed 8%.
Transactions through the tills during the 2nd quarter and the half year, showed
no growth when compared to that of the same periods of the prior year.
Transactions through the tills for new stores increased by 1% and existing
stores decreased by 1%.
Units sold increased by 13% (Q1: 10% increase). Existing stores increased by 12%
(Q1: 8% increase). Half year units increased by 12% on prior half year with
existing stores increasing by 10%.
One new store was opened during this quarter (half year 1 store) and one old
store was closed (located in an unsustainable market) bringing the number of
stores trading at the end of the half year period to 191. Two stores were
refurbished during this quarter (half year 4) and two stores were relocated
(half year 2).
In addition to the factual part of the operational update given above, the
following paragraphs will only deal with indicative information.
Gross profit percentage margins
Gross margin percentage has increased during the quarter from that of quarter 1.
Gross margin percentage for the 1st half are at similar levels to those of the
second half of the previous financial year.
Summary
Growth in revenue of 9% experienced during this quarter was in line with
managements objectives in the current trading climate. Selling inflation was at
5% at the end of December 2011 when compared to December 2010.
Detail per region
The breakdown per region of the factual information provided above is reflected
in the following three tables:
Revenue versus prior year Total New Existing Percentage
per region stores stores stores of total
sales
% % % %
South Africa Q1 10 2 8 87
Q2 11 1 10 87
Half 10 1 9 87
Year
Lesotho Q1 13 - 13 3
Q2 19 - 19 3
Half 16 - 16 3
Year
Namibia Q1 28 - 28 2
Q2 20 - 20 2
Half 24 - 24 2
Year
Swaziland Q1 (8) - (8) 4
Q2 (13) - (13) 4
Half (11) - (11) 4
Year
Botswana (in Rand) Q1 (8) - (8) 4
Q2 (4) - (4) 4
Half (6) - (6) 4
Year
Botswana (in Pula) Half (8) - (8)
Year
Malawi (in Rand) Q1 (6) - (6) -
Q2 (4) - (4) -
Half (5) - (5) -
Year
Malawi (in Kwatcha) Half (10) - (10)
Year
Total Cashbuild Q1 8 1 7 100
Q2 9 1 8 100
Half 9 1 8 100
Year
Transactions versus prior Total New Existing Percentage
year per region stores stores stores of total
transactions
% % % %
South Africa Q1 2 2 - 89
Q2 - 1 (1) 89
Half Year 1 1 - 89
Lesotho Q1 - - - 2
Q2 3 - 3 2
Half Year 2 - 2 2
Namibia Q1 13 - 13 3
Q2 15 - 15 2
Half Year 14 - 14 2
Swaziland Q1 (8) - (8) 2
Q2 (13) - (13) 3
Half Year (11) - (11) 3
Botswana Q1 (12) - (12) 4
Q2 (14) - (14) 3
Half Year (13) - (13) 4
Malawi Q1 (18) - (18) -
Q2 (20) - (20) -
Half Year (19) - (19) -
Total Cashbuild Q1 1 2 (1) 100
Q2 - 1 (1) 100
Half Year - 1 (1) 100
Number of stores - end Total New Existing Percentage of
quarter two stores stores stores total
%
South Africa 165 6 159 86
Lesotho 5 - 5 3
Namibia 4 - 4 2
Swaziland 6 - 6 3
Botswana 10 - 10 5
Malawi 1 - 1 1
Total 191 6 185 100
24 January 2012
Sponsor
Nedbank Capital
Date: 24/01/2012 09:29:37 Produced by the JSE SENS Department.
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