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CSB
CSB
Cashbuild - First quarter operational update FY 2007
CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB & ISIN: ZAE000028320
("Cashbuild" or "the company")
FIRST QUARTER OPERATIONAL UPDATE - FY 2007
In line with past disclosure, Cashbuild herewith provides its quarterly
trading update.
Revenue for the company was up by 21% on the first quarter of the prior
financial year. Stores opened since 1 July 2005 (new stores) contributed
12% of the increase, whilst existing stores increased by 9%. The
breakdown per region is as follows:
Revenue increase Q1 on prior Total New Existing
year per region
% % %
South Africa 24 12 12
Lesotho 9 - 9
Namibia 31 17 14
Swaziland 3 7 (4)
Botswana (in Rand) 20 - 20
Malawi (in Rand) 3 - 3
Transactions through the tills increased by 24% with new stores adding
15% and existing stores growing by 9%.
Transactions increase Q1 on Total New Existing
prior year per region
% % %
South Africa 24 15 9
Lesotho 9 - 9
Namibia 44 23 21
Swaziland 25 13 12
Botswana 16 - 16
Malawi 7 - 7
Units sold increased by 19%. New stores added 11% whilst existing stores
added 8% to the growth.
Two new stores were opened during this quarter bringing the number of
stores trading at the end of the quarter at 152. One store was relocated
during this quarter.
Number of stores - end Q1 Total New Existing
South Africa 126 17 109
Lesotho 5 - 5
Namibia 4 1 3
Swaziland 6 1 5
Botswana 10 - 10
Malawi 1 - 1
In addition to the factual part of the operational update given above the
following paragraphs will only deal with indicative information.
Gross profit margins (not operating margin) remained at similar levels to
that of the prior comparable quarter.
Following measures introduced in the 2nd half of the prior financial year
as well as the non-recurrence of certain once-of expenses, operating
expenses for the quarter remain well under control.
Prospects
Management is pleased with the trading results for the quarter with the
effect of corrective measures positively contributing to revenue for the
quarter. Managements" outlook remains positive regarding trading for the
rest of the calendar year.
16 October 2006
Sponsor
Nedbank Capital
Date: 16/10/2006 05:36:26 PM Produced by the JSE SENS Department
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