Cashbuild’s third-quarter revenue up 18% y/y

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.

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