Cashbuild (CSB) has managed to improve its third-quarter revenue‚ even as the building materials retailer signalled challenging conditions.
The small-cap company on Wednesday reported an 18% rise in the third-quarter revenue on a year on year (y/y) basis.
Cashbuild typically serves home builders and improvers in the lower living standards measure segment.
New stores contributed 4% to the revenue‚ while existing stores provided the balance.
Selling inflation was at 2% at the end of March 2015 from a year ago.
Cashbuild has grown its market value by 48% to R243.35 this year‚ outclassing the entire small-cap index.
Source: BDPro -
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