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CASHBUILD LIMITED - Operational Update

Release Date: 06/08/2012 16:57
Code(s): CSB     PDF:  
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Operational Update

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 2012

Cashbuild is currently in the process of finalising its
results for the year ended 30 June 2012. In line with past
practice and disclosure, Cashbuild herewith provides its
quarterly trading update.

Cashbuild adopts the retail calendar, which comprises the
reporting period ending on the last Saturday of the month.
(Trading year ended 25 June 2011 - 52 weeks, Quarter 4 2011 -
13 weeks; Trading year ended 30 June 2012 - 53 weeks, Quarter
4 2012 - 14 weeks)

The   tables   below  highlight   the   changes  in   revenue,
transactions and unit sales and further illustrates the impact
of the additional week on the fourth quarter and full year
2012.

Revenue increase on prior        Total   New     Exist Percen-
year for Cashbuild and per      Growth            -ing tage of
region                                                  total
                                                        sales
                                  %       %        %      %
Cashbuild Group     Half year     9       1        8     100
                        Q3        9       1        8     100
                   Q4 (13wks)     9       1        8     100
                    Full year     9       1        8     100
                     (52wks)
                   Q4 (14wks)     19      1       18     100
                    Full year     11      1       10     100
                     (53wks)

South Africa        Half year     10      1       9      87
                        Q3        11      1       10     87
                   Q4 (13wks)     10      1       9      87
                    Full year     10      1       9      87
                     (52wks)
                   Q4 (14wks)     19      1       18     88
                    Full year     12      1       11     87
                     (53wks)

Lesotho             Half year     16      -       16      3
                        Q3        22      -       22      3
                    Q4 (13wks)    18      -       18      3
                     Full year    18      -       18      3
                      (52wks)
                    Q4 (14wks)    28      -       28      3
                     Full year    20      -       20      3
                      (53wks)   

Namibia              Half year    24      -       24      2
                         Q3       16      -       16      2
                    Q4 (13wks)    12      -       12      1
                     Full year    20      -       20      2
                      (52wks)
                    Q4 (14wks)    21      -       21      1
                     Full year    22      -       22      2
                      (53wks)

Swaziland            Half year   (11)     -      (11)     4
                         Q3      (10)     -      (10)     4
                    Q4 (13wks)   (15)     -      (15)     4
                     Full year   (12)     -      (12)     4
                      (52wks)
                    Q4 (14wks)    (8)     -      (8)      4
                     Full year   (10)     -      (10)     4
                      (53wks)

Botswana(in Rand)    Half year   (6)      -      (6)      4
                         Q3      (4)      -      (4)      4
                    Q4 (13wks)   13       -      13       4
                     Full year   (1)             (1)      4
                      (52wks)
                    Q4 (14wks)    22      -       22      4
                     Full year     1      -       1       4
                      (53wks)

Botswana(in Pula)    Half year   (8)      -      (8)
                         Q3      (5)      -      (5)
                    Q4 (13wks)    5       -       5
                     Full year   (4)      -      (4)
                      (52wks)
                    Q4 (14wks)   14       -      14
                     Full year   (2)      -      (2)
                      (53wks)

Malawi (in Rand)     Half year    (5)     -      (5)      -
                         Q3        6      -       6       -
                    Q4 (13wks)   (24)     -      (24)     -
                     Full year    (7)     -      (7)      -
                      (52wks)
                    Q4 (14wks)   (14)     -      (14)     -
                    Full year    (5)      -      (5)      -
                     (53wks)

Malawi(in           Half year    (10)     -    (10)
Kwatcha)
                        Q3        8       -     8
                   Q4 (13wks)     8       -     8
                    Full year     2       -     2
                     (52wks)
                   Q4 (14wks)     18      -     18
                    Full year      4      -     4
                     (53wks)


Transaction increase on prior    Total   New   Exis   Percen-
year for Cashbuild and per      Growth           t-    age of
region                                          ing    total
                                                      transac
                                                       -tions
                                  %       %     %         %

Cashbuild Group     Half year     -       1    (1)     100
                        Q3       (1)      1    (2)     100
                   Q4 (13wks)     -      (1)   (1)     100
                    Full year     -      (1)   (1)     100
                     (52wks)
                   Q4 (14wks)     8       1     7      100
                    Full year     2       1     1      100
                     (53wks)

South Africa        Half year     1       1     -       89
                        Q3        -       1    (1)      89
                   Q4 (13wks)     -       1    (1)      89
                    Full year     -       1    (1)      89
                     (52wks)
                   Q4 (14wks)     9       1     8       89
                    Full year     2       1     1       89
                     (53wks)

Lesotho             Half year     2       -     2       2
                        Q3        2       -     2       2
                   Q4 (13wks)    (2)      -    (2)      2
                    Full year     1       -     1       2
                     (52wks)
                   Q4 (14wks)     7       -     7       2
                    Full year     3       -     3       2
                     (53wks)

Namibia             Half year     14      -     14      2
                        Q3         7      -      7      2
                   Q4 (13wks)      4      -      4      2
                    Full year     10      -     10      2
                     (52wks)
                   Q4 (14wks)     13      -     13      2
                    Full year     12      -     12      2
                     (53wks)

Swaziland           Half year    (11)     -    (11)     3
                        Q3        (8)     -     (8)     3
                   Q4 (13wks)     (8)     -     (8)     3
                    Full year     (9)     -     (9)     3
                     (52wks)
                   Q4 (14wks)     -       -     -       3
                    Full year    (7)      -    (7)      3
                     (53wks)

Botswana            Half year    (13)     -    (13)     4
                        Q3       (10)     -    (10)     4
                   Q4 (13wks)     (4)     -     (4)     4
                    Full year    (10)     -    (10)     4
                     (52wks)
                   Q4 (14wks)     4       -     4       4
                    Full year    (9)      -    (9)      4
                     (53wks)

Malawi              Half year    (19)     -    (19)     -
                        Q3        (9)     -     (9)     -
                   Q4 (13wks)    (14)     -    (14)     -
                    Full year    (15)     -    (15)     -
                     (52wks)
                   Q4 (14wks)     (7)     -     (7)     -
                    Full year    (14)     -    (14)     -
                     (53wks)


Unit increase on prior year      Total   New   Exis   Percen-
for Cashbuild                   Growth           t-    age of
                                                ing    total
                                                      transac
                                                       -tions
                                   %      %     %         %
Cashbuild Group     Half year     10      1     9        100
                        Q3         8      1     7        100
                   Q4 (13wks)      4      1     3        100
                    Full year      8      1     7        100
                     (52wks)
                   Q4 (14wks)     13      1     12     100
                    Full year     10      1      9     100
                    (53wks)

Two new stores were opened during this quarter, two stores
closed (trading in close proximity to other existing stores)
and nine stores were refurbished resulting in the number of
stores trading at the end of the financial year remaining at
191.

Despite the competitive trading environment, gross profit
margins continued to edge higher during the fourth quarter and
are at levels higher than those experienced during the first
half. Selling price inflation was around 3% at the end of June
2012 when compared to June 2011.


Number of stores – end of   Total   New   Existing Percentage
year                                                of total
                                                         %
South Africa                  166    9       157        86
Lesotho                         5    -        5          3
Namibia                         3    -        3          2
Swaziland                       6    -        6          3
Botswana                       10    -       10          5
Malawi                          1    -        1          1
Total                         191    9       182       100

Prospects

Management expects trading conditions to remain competitive
into the first quarter of the new financial year. Store
development activity is expected to deliver one new store,
four refits and at least two relocations in the first quarter
of the new financial year.

6 August 2012
Sponsor
Nedbank Capital

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