https://www.engineeringnews.co.za

Tough trading conditions mute Cashbuild’s revenue growth

9th May 2013

By: Chanel de Bruyn

Creamer Media Senior Deputy Editor Online

  

Font size: - +

Building materials retailer Cashbuild reported marginal year-on-year revenue growth of 1% during the third quarter of its 2013 financial, as tough trading conditions continued.

Nine new stores opened by the company since July 2011, contributed 2% of the increase, while existing stores’ contribution decreased by 1%. This, together with the growth reported in the first half, equated to an increase in revenue year-to-date of 2%.

Transactions through the tills during the period under review fell by 2%, compared with the prior year's corresponding period. New stores contributed an increase of 3%, while existing stores’ contribution decreased by 5%. Total units sold for the third quarter remained at similar levels to that of the prior year, with existing stores decreasing by 2%.

Further, two new stores were opened during the quarter, bringing the number of stores trading at the end of the third quarter to 196 – 171 were located in South Africa.

Selling inflation was at 2% at the end of March, compared with March 2012, while gross profit percentage margins retracted from the levels reported at the half-year.

Edited by Creamer Media Reporter

Comments

Showroom

Booyco Electronics
Booyco Electronics

Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.63 0.681s - 138pq - 3rq
Subscribe Now