Johannesburg - Cashbuild reported on Monday that revenue for the company for the fourth quarter was up by 5% on the fourth quarter of the prior financial year.
Stores opened since July 1 2009 (13 new stores) contributed 3% of the increase, while existing stores (178 stores) increased by 2%.
Revenue for the financial year ended June 30 2011 increased by 6%.
Cashbuild said its gross profit margin remained stable during the fourth quarter, at similar levels to those experienced during the first half. Selling price inflation was around 2% at the end of June 2011 when compared to June 2010.
"Management expect trading conditions to remain competitive into the new financial year. Revenue for the first three trading weeks since year-end have reported an increase of 11% on that of the comparable three weeks," it said.
Stores opened since July 1 2009 (13 new stores) contributed 3% of the increase, while existing stores (178 stores) increased by 2%.
Revenue for the financial year ended June 30 2011 increased by 6%.
Cashbuild said its gross profit margin remained stable during the fourth quarter, at similar levels to those experienced during the first half. Selling price inflation was around 2% at the end of June 2011 when compared to June 2010.
"Management expect trading conditions to remain competitive into the new financial year. Revenue for the first three trading weeks since year-end have reported an increase of 11% on that of the comparable three weeks," it said.