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

CSB - Cashbuild Limited - Second Quarter Operational Update - Fy 2011

Release Date: 17/01/2011 11:38
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - Second Quarter Operational Update - Fy 2011 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 2011 Cashbuild is currently in the process of finalising its results for the half- year ended December 2010. In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 8% on the second quarter of the prior financial year. Stores opened since 1 July 2009 (new stores - 12 stores) contributed 3% of the increase, whilst existing stores (180 stores) contributed 5%. This, together with the growth reported in quarter one, equates to an increase in revenue for the half year of 7%. Transactions through the tills during the 2nd quarter increased by 6% with new stores adding 3% and existing stores increasing by 3%. Half year increased by 5%, new stores adding 3% and existing stores increasing by 2%. Units sold increased by 11% (Q1: 6% increase). Existing stores increased by 8% (Q1:1% increase). Half year increased by 8% on prior half year, existing stores increasing by 5%. Three new stores were opened during this quarter (half year 4 stores) bringing the number of stores trading at the end of the half year period to 192. One store was refurbished during this quarter (half year 5). No stores were relocated. One store was closed that traded in close proximity to another existing store. 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 percentage margins remain at similar levels to quarter one, albeit at slightly lower levels than that of the 2nd half prior financial 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 Total New Existing Percentage region of total sales
% % % % South Africa Q1 7 3 4 85 Q2 11 4 7 86
Half 9 3 6 86 Year Lesotho Q1 5 - 5 3 Q2 4 - 4 2 Half 4 - 4 2 Year
Namibia Q1 (29) - (29) 2 Q2 (24) - (24) 2 Half (26) - (26) 2 Year
Swaziland Q1 1 - 1 5 Q2 6 - 6 5 Half 3 - 3 5
Year Botswana (in Rand) Q1 (14) 4 (18) 5 Q2 (12) 2 (14) 5
Half (13) 4 (17) 5 Year Botswana (in Pula) Half (6) 3 (9) Year
Malawi (in Rand) Q1 2 - 2 - Q2 (9) - (9) - Half (3) - (3) -
Year Malawi (in Kwatcha) Half 12 - 12 Year
Total Cashbuild Q1 5 3 2 100 Q2 8 3 5 100 Half 7 3 4 100 Year
Transactions versus prior year Total New Existing Percentage of total per region transactions % % % %
South Africa Q1 7 4 3 88 Q2 7 3 4 88 Half 7 4 3 88 Year
Lesotho Q1 2 - 2 2 Q2 1 - 1 2 Half 1 - 1 2
Year Namibia Q1 (12) - (12) 2 Q2 (5) - (5) 2
Half (8) - (8) 2 Year Swaziland Q1 (9) - (9) 3 Q2 (5) - (5) 3 Half (7) - (7) 3 Year
Botswana Q1 (8) 4 (12) 4 Q2 (6) 2 (8) 4 Half (7) 3 (10) 4 Year
Malawi Q1 6 - 6 1 Q2 9 - 9 1 Half 8 - 8 1
Year Total Cashbuild Q1 5 4 1 100 Q2 6 3 3 100
Half 5 3 2 100 Year Number of stores - end Total New Existing Percentage of total quarter two % South Africa 166 11 155 86 Lesotho 5 - 5 3 Namibia 4 - 4 2 Swaziland 6 - 6 3 Botswana 10 1 9 5 Malawi 1 - 1 1 Total 192 12 180 100 17 January 2011 Sponsor Nedbank Capital Date: 17/01/2011 11:38:01 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