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CSB - Cashbuild - Third Quarter Operational Update - FY 2012

Release Date: 25/04/2012 15:48
Code(s): CSB
Wrap Text

CSB - Cashbuild - Third Quarter Operational Update - FY 2012 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 2012 In line with past practice and disclosure, Cashbuild herewith provides its quarterly operational update. Revenue for the company was up by 9% on the third quarter of the prior financial year. Stores opened since 1 July 2010 (new stores - 7 stores) contributed 1% of the increase, whilst existing stores (184 stores) contributed 8% of the increase. This, together with the growth reported in the first half, equates to an increase in revenue year to date of 9%. Transactions through the tills during the third quarter decreased by 1% with new stores increasing by 1% and existing stores declining by 2%. Units sold for the quarter increased by 9% (Half year: 11% increase). Existing stores for the quarter increased by 6% (Half year: 9% increase). The number of trading stores remained at 191 at the end of the 3rd quarter. One new store was opened during this quarter, one store was refurbished and one store relocated during the quarter. One store trading in close proximity to another was closed during this quarter. Selling inflation at March 2012 was at levels of around 3% when compared to the same month of the prior year. In addition to the factual part of the operational update given above, the following paragraphs will only deal with indicative information. Prospects Management expects trading conditions to remain competitive for the fourth quarter of this financial year. Gross margin percentage remained at similar levels as reported for the half year but is expected to decrease slightly towards the end of the financial year. An increase in store development activity is expected with 2 new stores planned to open and 8 to be refurbished during the 4th quarter ahead. 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 Existi Percentage per region ng of total sales % % % %
South Africa Half 10 1 9 87 Year Q3 11 1 10 87
Lesotho Half 16 - 16 3 Year Q3 22 - 22 3
Namibia Half 24 - 24 2 Year Q3 16 - 16 2
Swaziland Half (11) - (11) 4 Year Q3 (10) - (10) 4
Botswana (in Rand) Half (6) - (6) 4 Year Q3 (4) - (4) 4
Botswana (in Pula) Q3 (5) - (5) Malawi (in Rand) Half (5) - (5) - Year
Q3 6 - 6 - Malawi (in Kwatcha) Q3 8 - 8 Total Cashbuild Half 9 1 8 100 Year Q3 9 1 8 100 Transactions versus prior Total New Existi Percentage year per region ng of total transactions % % % % South Africa Half 1 1 - 89 Year Q3 - 1 (1) 89 Lesotho Half 2 - 2 2 Year Q3 2 - 2 2 Namibia Half 14 - 14 2 Year Q3 7 - 7 2 Swaziland Half (11) - (11) 3 Year Q3 (8) - (8) 3 Botswana Half (13) - (13) 4 Year Q3 (10) - (10) 4 Malawi Half (19) - (19) - Year Q3 (9) - (9) - Total Cashbuild Half - 1 (1) 100 Year Q3 (1) 1 (2) 100 Number of stores - end Total New Existing Percentage quarter three of total % South Africa 166 7 159 86 Lesotho 5 - 5 3 Namibia 3 - 3 2 Swaziland 6 - 6 3 Botswana 10 - 10 5 Malawi 1 - 1 1 Total 191 7 184 100 25 April 2012 Sponsor Nedbank Capital Date: 25/04/2012 15:48:01 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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