Cashbuild quarter revenue up 19%

Tile retailer Cashbuild said on Monday that revenue for the third quarter to end March 2008 rose 19% on the same quarter last year.

Stores opened since July 1 2006 (19 new stores) contributed 5% of this increase, while existing stores (149 stores) contributed 14%.

Transactions through the tills during the third quarter increased by 10% with new stores adding 4% and existing stores 6%.

Units sold increased by 7% (Half year ending January 2008: 4% decrease). Existing stores increased by 3% (Half year: 10% decrease).

Two new stores were opened during this quarter, bringing the number of stores trading at the end of the quarter to 168.

Two stores were relocated during this quarter. Since the quarter end, one additional store was opened.

Looking ahead, the group said management remained positive regarding trading for the fourth quarter.

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