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Cashbuild reports Q1 revenue increase of 4%

The largest retailer of building materials and associated products‚ Cashbuild on Friday, 2 November 2012, reported a 4% rise in its revenue for the first quarter of the financial year‚ compared to the previous corresponding period last year.
The biggest contributors to the increase were the five new stores it opened since 2011.

"One new store was opened, and one planned store closure was completed during the quarter‚ therefore the number of stores trading at the end of the quarter remained at 191‚" Cashbuild said in a note on Friday.

It also said that three stores were refurbished during this quarter and two stores were relocated.

Cashbuild said operating conditions remained under pressure for the quarter under review.

"Management is focused on improving the lower than expected growth in revenue experienced during the first quarter‚" Cashbuild said.

Posted on 9 Nov 2012 16:05


I-Net Bridge
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.

We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
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