To view the PDF file, sign up for a MySharenet subscription.

CSB - Cashbuild Limited - First quarter operational update - FY 2008

Release Date: 01/11/2007 12:45
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - First quarter operational update - FY 2008 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 2008 In line with past practice and disclosure, Cashbuild provides herewith, its quarterly trading update. Revenue for the company was up by 16% on the 1st quarter of the prior financial year. Stores opened since 1 July 2006 (new stores) contributed 7% of the increase, and existing stores contributed 9%. Transactions through the tills increased by 12% with new stores adding 8% and existing stores contributing 4%. Units sold decreased by 6% (existing stores: 12% decrease), mostly related to brick and block sales, where one brick/block equals one unit. In line with the store rollout plan, no new stores were opened, nor any store refits done during this quarter. The number of stores trading at the end of the quarter remained at 164. However various projects pertaining to new stores, store refurbishments and store relocations were in progress during this period that should result in two stores being opened, five stores being refurbished and one store being relocated during the next four months. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Detail per region The breakdown per region of the factual information given in the update above is reflected in the following three tables: Revenue increase on prior Percenta Total New Existi year per region ge of ng total sales % % % %
South Africa Q1 82 17 9 8 Lesotho Q1 3 22 - 22 Namibia Q1 2 3 - 3 Swaziland Q1 6 (1) - (1) Botswana (in Q1 7 20 - 20 Rand)
Malawi (in Rand) Q1 - 45 - 45 Transaction increase on Percenta Total New Existi prior year per region ge of ng total
transact ions % % % %
South Africa Q1 85 14 10 4 Lesotho Q1 2 12 - 12
Namibia Q1 3 1 - 1 Swaziland Q1 4 (7) - (7)
Botswana Q1 6 10 - 10 Malawi Q1 - 3 - 3 Number of stores - end Percentage Total New Existing quarter one of total % South Africa 84 138 15 123 Lesotho 3 5 - 5 Namibia 2 4 - 4 Swaziland 4 6 - 6 Botswana 6 10 - 10 Malawi 1 1 - 1 Total 100 164 15 149 1 November 2007 Sponsor Nedbank Capital Date: 01/11/2007 12:45:01 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.

Share This Story