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CSB - Cashbuild Limited - Third Quarter Operational Update

Release Date: 21/04/2008 14:19
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - Third Quarter Operational Update 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 2008 In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 19% on the third quarter of the prior financial year. Stores opened since 1 July 2006 (new stores - 19 stores) contributed 5% of the increase, whilst existing stores (149 stores) contributed 14%. Transactions through the tills during the 3rd quarter increased by 10% with new stores adding 4% and existing stores 6%. Units sold increased by 7% (Half year: 4% decrease). Existing stores increased by 3% (Half year: 10% decrease). Two new stores were opened during this quarter bringing the number of stores trading at the end of the quarter to 168. Two stores were relocated during this quarter. Since the quarter end one additional store was opened. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Prospects Management is pleased by the positive trading experienced during this quarter and remain positive regarding trading for the fourth quarter. 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 Percentage of Total New Existing year per region total sales % % % %
South Africa Half year 83 16 8 8 Q3 83 20 7 13
Lesotho Half year 2 18 - 18 Q3 3 34 - 34
Namibia Half year 2 8 - 8 Q3 2 2 - 2
Swaziland Half year 6 3 - 3 Q3 5 (1) - (1)
Botswana(in Rand) Half year 7 20 - 20 Q3 7 34 - 34 Botswana(in Pula) Q3 - 33 - 33 Malawi (in Rand) Half year - 35 - 35 Q3 - 67 - 67
Malawi(in Kwatcha) Q3 - 70 - 70 Total Half year 100 15 4 9 Q3 100 19 5 14 Transaction increase on Percentage of Total New Existing prior year per region total transac- tions % % % % South Africa Half year 85 13 8 5 Q3 86 11 5 6 Lesotho Half year 2 14 - 14 Q3 3 20 - 20 Namibia Half year 3 1 - 1 Q3 2 2 - 2 Swaziland Half year 5 (4) - (4) Q3 4 (4) - (4) Botswana Half year 5 10 - 10 Q3 5 15 - 15 Malawi Half year - 6 - 6 Q3 - 41 - 41 Total Half year 100 12 7 5 Q3 100 10 4 6 Number of stores - end Percentage Total New Existing quarter three of total % South Africa 85 142 19 123 Lesotho 3 5 - 5 Namibia 2 4 - 4 Swaziland 4 6 - 6 Botswana 6 10 - 10 Malawi 1 1 - 1 Total 100 168 19 149 21 April 2008 Sponsor Nedbank Capital Date: 21/04/2008 14:19:01 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.

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