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CSB - Cashbuild Limited - Fourth quarter operational update - FY 2011

Release Date: 25/07/2011 14:06
Code(s): CSB
Wrap Text

CSB - Cashbuild Limited - Fourth 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") FOURTH QUARTER OPERATIONAL UPDATE - FY 2011 Cashbuild is currently in the process of finalising its results for the year ended 30 June 2011. In line with past practice and disclosure, Cashbuild herewith provides its quarterly trading update. Revenue for the company was up by 5% on the fourth quarter of the prior financial year. Stores opened since 1 July 2009 (new stores - 13 stores) contributed 3% of the increase, whilst existing stores (178 stores) increased by 2%. Revenue for the financial year increased by 6%. (New stores 3% & existing stores, 3%) Transactions through the tills during the 4th quarter increased by 1% with new stores adding 3% and existing stores decreasing by 2%. For the financial year transactions increased by 4% with new stores adding 3%, whilst existing stores added 1%. Units sold during the fourth quarter increased by 17%. Existing stores increased by 14%. For the financial year units sold increased by 11% with existing stores increasing by 8%. One new store was opened during this quarter and one store closed (trading in close proximity to another existing store), bringing the number of stores trading at the end of the financial year to 191. One store was relocated during this quarter and five stores were refurbished. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Prospects Gross profit margin remained stable during the fourth quarter at similar levels to those experienced during the first half. Selling price inflation was around 2% at the end of June 2011 when compared to June 2010. Management expect trading conditions to remain competitive into the new financial year. Revenue for the first three trading weeks since year- end have reported an increase of 11% on that of the comparable three weeks. 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 Total New Exist- Percen- year per region Growth ing tage of total sales % % % %
South Africa Half year 9 3 6 86 Q3 6 3 3 86 Q4 7 3 4 86
Full Year 8 4 4 86 Lesotho Half year 4 - 4 2 Q3 - - - 2
Q4 - - - 3 Full Year 2 - 2 3 Namibia Half year (26) - (26) 2 Q3 (14) - (14) 1 Q4 (10) - (10) 1 Full Year (20) - (20) 1
Swaziland Half year 3 - 3 5 Q3 - - - 5 Q4 (6) - (6) 5 Full Year 1 - 1 5
Botswana(in Rand) Half year (13) 4 (17) 5 Q3 (13) 1 (14) 5 Q4 (9) - (9) 4
Full year (12) 2 (14) 4 Botswana(in Pula) Half year (6) 3 (9) Q3 (8) 1 (9)
Q4 (7) - (7) Full year (7) 2 (9) Malawi (in Rand) Half year (3) - (3) - Q3 (13) - (13) 1 Q4 (26) - (26) 1 Full year (6) - (6) 1
Malawi(in Half year 12 - 12 Kwatcha) Q3 (1) - (1) Q4 5 - 5
Full year 7 - 7 Total Half year 7 3 4 100 Q3 4 3 1 100
Q4 5 3 2 100 Full year 6 3 3 100 Transaction increase on Total New Exist- Percen- prior year per region Growth ing age of total transac- tions % % % %
South Africa Half year 7 4 3 88 Q3 3 3 - 88 Q4 2 3 (1) 89
Full year 5 4 1 89 Lesotho Half year 1 - 1 2 Q3 (2) - (2) 2
Q4 (2) - (2) 2 Full year - - - 2 Namibia Half year (8) - (8) 2 Q3 (4) - (4) 2 Q4 (11) - (11) 2 Full year (8) - (8) 2
Swaziland Half year (7) - (7) 3 Q3 (6) - (6) 3 Q4 (6) - (6) 3 Full year (7) - (7) 3
Botswana Half year (7) 3 (10) 4 Q3 (12) 1 (13) 4 Q4 (11) 1 (12) 4
Full year (9) 2 (11) 4 Malawi Half year 8 - 8 1 Q3 (5) - (5) 1
Q4 (6) - (6) - Full year 1 - 1 - Total Half year 5 3 2 100 Q3 2 3 (1) 100 Q4 1 3 (2) 100 Full year 4 3 1 100 Number of stores - end of Total New Existing Percentage year of total % South Africa 165 12 152 86 Lesotho 5 - 5 3 Namibia 4 - 4 2 Swaziland 6 - 6 3 Botswana 10 1 9 5 Malawi 1 - 1 1 Total 191 13 178 100 25 July 2011 Sponsor Nedbank Capital Date: 25/07/2011 14:06:01 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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