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CSB - Cashbuild Limited - Second Quarter Operational Update - FY 2009

Release Date: 19/01/2009 09:37
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - Second Quarter Operational Update - FY 2009 CASHBUILD LIMITED (Registration number: 1986/001503/06) (Incorporated in the Republic of South Africa) JSE share code: CSB & ISIN: ZAE000028320 ("Cashbuild" or "the company") SECOND QUARTER OPERATIONAL UPDATE - FY 2009 Cashbuild is currently in the process of finalising its results for the half- year ended December 2008. In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 26% on the second quarter of the prior financial year. Stores opened since 1 July 2007 (new stores - 20 stores) contributed 7% of the increase, whilst existing stores (162 stores) contributed 19%. This, together with the growth reported in quarter one, equates to an increase in revenue for the half year of 27%. Transactions through the tills during the 2nd quarter increased by 6% with new stores adding 7% and existing stores decreasing by 1%. Half year increased by 6%, new stores adding 6% and existing stores remaining constant. Units sold increased by 26% (Q1: 31% increase). Existing stores increased by 17% (Q1: 26% increase). Half year increased by 28%, existing stores increasing by 21%. Ten new stores were opened during this quarter (half year 11 stores) bringing the number of stores trading at the end of the half year period to 182. Two stores were relocated 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 pleased by the positive trading experienced in all the regions over the traditionally good festive season, except Namibia which was disappointing. The release of the half year results is expected during the week commencing 16 March 2009. 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 83 29 5 24 Q2 82 25 9 16 Half 82 27 7 20
year Lesotho Q1 2 23 - 23 Q2 2 36 - 36
Half 2 29 - 29 year Namibia Q1 2 19 - 19 Q2 2 3 - 3 Half 2 10 - 10 year
Swaziland Q1 5 20 - 20 Q2 5 14 - 14 Half 5 17 - 17 year
Botswana (in Rand) Q1 7 42 - 42 Q2 8 54 - 54 Half 8 47 - 47
year Botswana (in Pula) Half 36 - 36 year
Malawi (in Rand) Q1 1 73 - 73 Q2 1 92 - 92 Half 1 79 - 79 year
Malawi (in Half 47 - 47 Kwatcha) year Total Cashbuild Q1 100 29 4 25 Q2 100 26 7 19 Half 100 27 5 22 year Transaction increase on Percenta Total New Existi prior year per region ge of ng total transact ions
% % % % South Africa Q1 86 6 4 2 Q2 86 7 9 (2)
Half 86 7 7 - year Lesotho Q1 2 5 - 5 Q2 2 5 - 5 Half 2 5 - 5 year
Namibia Q1 2 (9) - (9) Q2 2 (4) - (4) Half 2 (6) - (6) year
Swaziland Q1 4 (2) - (2) Q2 4 (5) - (5) Half 4 (3) - (3)
year Botswana Q1 6 7 - 7 Q2 6 8 - 8
Half 6 8 - 8 year Malawi Q1 - 35 - 35 Q2 - 23 - 23 Half - 28 - 28 year
Total Cashbuild Q1 100 6 4 2 Q2 100 6 7 (1) Half 100 6 6 - year
Number of stores - end Percentage Total New Existing quarter two of total % South Africa 84 156 20 136 Lesotho 3 5 - 5 Namibia 2 4 - 4 Swaziland 4 6 - 6 Botswana 6 10 - 10 Malawi 1 1 - 1 Total 100 182 20 162 19 January 2009 Sponsor Nedbank Capital Date: 19/01/2009 09:37:01 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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