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CASHBIL:  14,900   0 (0.00%)  01/01/1970 00:00

CASHBUILD LIMITED - Trading statement

Release Date: 13/02/2024 12:13
Code(s): CSB     PDF:  
Wrap Text
Trading statement

CASHBUILD LIMITED
(Registration number: 1986/001503/06)
(Incorporated in the Republic of South Africa)
JSE share code: CSB                     ISIN: ZAE000028320
("Cashbuild" or "the Group")

TRADING STATEMENT

In terms of the Listings Requirements of the JSE Limited, companies are required to publish a trading
statement as soon as they become reasonably certain that the financial results for the period to be reported on
will differ by more than 20% from that of the previous corresponding period.

Shareholders are advised that Cashbuild is currently finalising its reviewed interim results for the 26 weeks
ended 24 December 2023 ("Interim Period") which are expected to be released on or about 28 February 2024.

Accordingly, shareholders are advised that Cashbuild expects to announce:

    -   headline earnings per share ("HEPS") of between 589.5 cents and 554.8 cents for the Interim Period,
        compared to HEPS of 693.5 cents reported for the 26 weeks ended 25 December 2022 ("Prior Interim
        Period"). This represents a decrease in HEPS of between 15% and 20%; and
    -   earnings per share ("EPS") of between 32.6 cents and 0.0 cents for the Interim Period, compared to
        EPS of 652.8 cents reported for the Prior Interim Period. This represents a decrease in EPS of between
        95% and 100%.

The variance between HEPS and EPS noted above is due to the impairment of the remaining P&L Hardware
goodwill, trademark and other store impairments based on the future outlook within the current constrained
economic environment.

Shareholders are advised that the financial information on which this trading statement is based has not been
reviewed or reported on by the Group's auditors.

13 February 2024

Sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 13-02-2024 12:13:00
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