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CSB - Cashbuild Limited - First Quarter Operational Update - FY 2010 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 2010 In line with past practice and disclosure, Cashbuild provides herewith, its quarterly trading update. Revenue for the company was up by 10% on the 1st quarter of the prior financial year. Stores opened since 1 July 2008 (new stores - 14 stores) contributed 6% of the increase, and existing stores (170 stores) contributed 4%. Transactions through the tills increased by 14% with new stores adding 7% and existing stores contributing 7%. Units sold decreased by 2% (existing stores: 7% decrease). One new store was opened during this quarter, bringing the number of stores trading at the end of the quarter to 184. No stores were refurbished or relocated during this quarter. Four new stores and four refurbishments are planned for completion during the second quarter of this financial year. 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 with the growth in revenue experienced during this quarter in the light of very little to no inflation in the selling prices. What is particularly pleasing is the 14% growth in customer transactions of which 7% is of the existing store base. This growth in customer numbers bodes well for the future. In the current tough trading environment, gross profit margins remain under pressure and are at similar percentage levels as the second half of the previous financial year. Operating expenses are higher mainly due to the increase in staff cost with salary increases becoming effective 1 July 2009. Both of the above consequently had a negative effect on operating margins 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 Total New Existing Percentage of per region total sales % % % %
South Africa Q1 12 7 5 84 Lesotho Q1 23 - 23 2
Namibia Q1 14 - 14 2 Swaziland Q1 11 - 11 5
Botswana (in Rand) Q1 (15) - (15) 6 Botswana (in Pula) Q1 (12) - (12) -
Malawi (in Rand) Q1 5 - 5 1 Malawi (in Kwatcha) Q1 6 - 6 -
Total Cashbuild Q1 10 6 4 100 Transactions versus prior Total New Existing Percentage of year per region total transactions
% % % % South Africa Q1 15 8 7 86
Lesotho Q1 18 - 18 2 Namibia Q1 26 - 26 2
Swaziland Q1 10 - 10 4 Botswana Q1 1 - 1 5
Malawi Q1 12 - 12 1 Total Cashbuild Q1 14 7 7 100 Number of stores - end Total New Existing Percentage of quarter one total % South Africa 157 13 144 85 Lesotho 5 - 5 3 Namibia 4 - 4 2 Swaziland 6 - 6 3 Botswana 11 1 10 6 Malawi 1 - 1 1 Total 184 14 170 100 3 November 2009 Sponsor Nedbank Capital Date: 03/11/2009 13:21:01 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.
