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CSB
CSB
CSB - Cashbuild - Third Quarter Operational Update - FY 2012
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 2012
In line with past practice and disclosure, Cashbuild herewith provides its
quarterly operational update.
Revenue for the company was up by 9% on the third quarter of the prior financial
year. Stores opened since 1 July 2010 (new stores - 7 stores) contributed 1% of
the increase, whilst existing stores (184 stores) contributed 8% of the
increase. This, together with the growth reported in the first half, equates to
an increase in revenue year to date of 9%.
Transactions through the tills during the third quarter decreased by 1% with new
stores increasing by 1% and existing stores declining by 2%.
Units sold for the quarter increased by 9% (Half year: 11% increase). Existing
stores for the quarter increased by 6% (Half year: 9% increase).
The number of trading stores remained at 191 at the end of the 3rd quarter. One
new store was opened during this quarter, one store was refurbished and one
store relocated during the quarter. One store trading in close proximity to
another was closed during this quarter.
Selling inflation at March 2012 was at levels of around 3% when compared to the
same month of the prior year.
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 remained at similar
levels as reported for the half year but is expected to decrease slightly
towards the end of the financial year. An increase in store development activity
is expected with 2 new stores planned to open and 8 to be refurbished during the
4th quarter ahead.
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 Existi Percentage
per region ng of total
sales
% % % %
South Africa Half 10 1 9 87
Year
Q3 11 1 10 87
Lesotho Half 16 - 16 3
Year
Q3 22 - 22 3
Namibia Half 24 - 24 2
Year
Q3 16 - 16 2
Swaziland Half (11) - (11) 4
Year
Q3 (10) - (10) 4
Botswana (in Rand) Half (6) - (6) 4
Year
Q3 (4) - (4) 4
Botswana (in Pula) Q3 (5) - (5)
Malawi (in Rand) Half (5) - (5) -
Year
Q3 6 - 6 -
Malawi (in Kwatcha) Q3 8 - 8
Total Cashbuild Half 9 1 8 100
Year
Q3 9 1 8 100
Transactions versus prior Total New Existi Percentage
year per region ng of total
transactions
% % % %
South Africa Half 1 1 - 89
Year
Q3 - 1 (1) 89
Lesotho Half 2 - 2 2
Year
Q3 2 - 2 2
Namibia Half 14 - 14 2
Year
Q3 7 - 7 2
Swaziland Half (11) - (11) 3
Year
Q3 (8) - (8) 3
Botswana Half (13) - (13) 4
Year
Q3 (10) - (10) 4
Malawi Half (19) - (19) -
Year
Q3 (9) - (9) -
Total Cashbuild Half - 1 (1) 100
Year
Q3 (1) 1 (2) 100
Number of stores - end Total New Existing Percentage
quarter three of total
%
South Africa 166 7 159 86
Lesotho 5 - 5 3
Namibia 3 - 3 2
Swaziland 6 - 6 3
Botswana 10 - 10 5
Malawi 1 - 1 1
Total 191 7 184 100
25 April 2012
Sponsor
Nedbank Capital
Date: 25/04/2012 15:48:01 Produced by the JSE SENS Department.
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