Cashbuild Q3 revenue up 18%

Picture Thinkstock

Picture Thinkstock

Cashbuild, one of Southern Africa’s largest retailers of building materials and associated products, said on Wednesday that third-quarter revenues rose 18 percent year-on-year but that trading conditions remained challenging.

The company – which sells directly to cash-paying customers through its 219 stores in South Africa, Namibia, Lesotho, Botswana, Swaziland and Malawi – said in a statement that gross profit percentage margins increased slightly above levels reported at the half year but did not provide exact figures.

Stores opened since 1 July 2013 (new stores – 21 stores) contributed four percent of the revenue increase and revenues at existing stores (198 stores) increased by 14 percent.

“This, together with the growth reported in the first half equates to an increase in year to date revenue of 14 percent – eight percent contributed by existing stores,” Cashbuild said. “Transactions through our tills during the third quarter increased by 11 percent compared to the third quarter of the prior financial year. “




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