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CSB - Cashbuild Limited - First quarter operational update - FY 2011

Release Date: 08/11/2010 14:17
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - First quarter operational update - FY 2011 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 2011 In line with past practice and disclosure, Cashbuild provides herewith, its quarterly trading update. Revenue for the company was up by 5% on the 1st quarter of the prior financial year. Stores opened since 1 July 2009 (new stores - 9 stores) contributed 3% of the increase, and existing stores (181 stores) contributed 2%. Transactions through the tills increased by 5% with new stores adding 4% and existing stores contributing 1%. Units sold increased by 7% (existing stores: 4% increase). One new store was opened during this quarter, bringing the number of stores trading at the end of the quarter to 190. Four stores were refurbished during this quarter. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Prospects Management is satisfied with the growth in revenue experienced during this quarter. Trading conditions remained tough throughout the quarter. Selling inflation for the quarter amounted to approximately 2%. Gross profit margins remain solid albeit at slightly lower levels than that of the 2nd half prior 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 per region Total New Existing Percentage of total sales
% % % % South Africa Q1 7 3 4 85
Lesotho Q1 5 - 5 3 Namibia Q1 (29) - (29) 2
Swaziland Q1 1 - 1 5 Botswana (in Rand) Q1 (14) 4 (18) 5
Botswana (in Pula) Q1 (8) 4 (12) Malawi (in Rand) Q1 2 - 2 -
Malawi (in Kwatcha) Q1 17 - 17 Total Cashbuild Q1 5 3 2 100 Transactions versus prior year per Total New Existing Percentage region of total transaction s % % % %
South Africa Q1 7 4 3 88 Lesotho Q1 2 - 2 2 Namibia Q1 (12) - (12) 2 Swaziland Q1 (9) - (9) 3 Botswana Q1 (8) 4 (12) 4 Malawi Q1 6 - 6 1 Total Cashbuild Q1 5 4 1 100 Number of stores - end quarter Total New Existing Percentage one of total % South Africa 164 8 156 86 Lesotho 5 - 5 3 Namibia 4 - 4 2 Swaziland 6 - 6 3 Botswana 10 1 9 5 Malawi 1 - 1 1 Total 190 9 181 100 8 November 2010 Sponsor Nedbank Capital Date: 08/11/2010 14:17:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.