Cashbuild

Cashbuild’s FY HEPS were -22% to 947c, topping the BB forecasts of 919c, & better than the mid-point of the guided range | Operating profit -19% | NAV -5% to 7667c | Div -29% to 236c | Transactions through tills was +3% while selling price inflation was +1.7% | Gross margin reduced to 24.7% from a prior 25.4% | In terms of prospects, conditions to remain challenging but revenue for the six weeks after the reporting period is +5% on the same period last year.
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