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Cashbuild INTERIM RESULTS AND DIVIDEND DECLARATION for the six months ended 27 December 2020 REVENUE ( Rm ) 7 000 6 000 5 000 4 000 3 000 2016 6 695 2017 2018 2019 2020 R'million Revenue Gross profit Operating profit OPERATING PROFIT ( Rm ) 600 480 Profit before taxation Net profit attributable to owners of the company Headline earnings Earnings per share ( cents ) Diluted earnings per share ( cents ) Headline earnings per share ( cents ) Diluted headline earnings per share ( cents ) Net asset value ( NAV ) per share ( cents ) Dividend per share ( cents ) 360 240 120 0 2016 6 = 116 = 66 322 285 Six months ended 27 December 2020 6 695 1 765 576 545 362 350 1 594.7 1 594.1 1 540.7 1 540.2 9 640 724 2017 2018 2019 Six months ended 29 December 299 2019 5 510 1 369 299 COMPANY PROFILE Cashbuild is southern Africa's largest retailer of quality building materials and associated products , selling direct to a cash - paying customer base through our chain of stores ( 317 at the end of this reporting period which includes 58 P & L Hardware stores and 1 DIY store ) . Cashbuild carries an in - depth quality product range tailored to the specific needs of the communities we serve . Our customers are typically home - builders and improvers , contractors , farmers , traders , as well as all other customers requiring quality building materials at the best value . 248 170 173 2020 FINANCIAL HIGHLIGHTS Revenue for the period increased by 21 % . Revenue for stores in existence prior to July 2019 ( pre - existing stores - 303 stores ) increased with 19 % and our 14 new stores contributed 2 % growth . Gross profit increased by 29 % with gross profit margin percentage increasing from 24.8 % to 26.4 % . Selling price inflation was 4.5 % . Operating expenses , including new stores , were well controlled considering the revenue growth , increasing by 11 % ( existing stores 9 % and new stores contributed 2 % of the increase ) resulting in the operating profit increasing by 92 % . Basic earnings per share increased by 113 % with headline earnings per share also increasing by 102 % from the prior period . Cash and cash equivalents increased to R2 819 million as a result of increased profitability and higher creditors ' balances due to suppliers ' payments effected after half - year close . Stock levels , including new stores have decreased by 2 % with stockholding at 68 days ( December 2019 : 82 days ; June 2020 : 60 days ) at period end . Net asset value per share increased by 15 % , from 8 388 cents ( December 2019 ) to 9 640 cents . 748.0 747.8 762.4 762.2 During the period , Cashbuild opened 3 Cashbuild stores , refurbished 11 Cashbuild and 1 P & L Hardware store , relocated 2 Cashbuild and 1 P & L Hardware store . 1 Cashbuild and 3 P & L Hardware stores were closed at the expiration of their lease agreements . Cashbuild will continue its store expansion , relocation and refurbishment strategy in a controlled manner , applying an even more rigorous process , due to the COVID - 19 pandemic and associated economic uncertainties . FINANCIAL SUMMARY 8 388 435 % change 21 29 92 HEADLINE EARNINGS ( Rm ) 120 113 102 113 113 102 400 102 15 300 66 200 100 0 Year ended 28 June 2020 10 091 2 525 520 394 267 259 1 176.7 1 176.1 1 138.5 1 137.9 8 470 707 2016 249 2017 221 2018 173 2019 2020 NAV PER SHARE ( cents ) 10 000 Sponsor : Nedbank CIB Approved by the board on 1 March 2021 Released 2 March 2021 9 000 8 000 ( Incorporated in the Republic of South Africa ) ( Registration number : 1986/001503/06 ) Share code : CSB ISIN : ZAE000028320 ( " Cashbuild " or " the Company " ) Quality building materials at the best value 7 000 6 000 5 000 6370 2016 7 278 2017 8 167 8 388 9 640 PROSPECTS Group revenue for the subsequent six weeks after half year - end has increased by 24 % for the comparable six week period . Management expects trading conditions to remain uncertain due to the ongoing COVID - 19 pandemic and its economic impact . This information has not been reviewed nor audited by the company's auditor . DECLARATION OF DIVIDEND 2018 2019 2020 The board has declared an interim dividend ( No. 56 ) , of 724 cents ( 2019 : 435 cents ) per ordinary share out of income reserves to all shareholders of Cashbuild Limited . The dividend per share is calculated based on 24 989 811 ( 2019 : 24 989 811 ) shares in issue at date of dividend declaration . Net local dividend amount is 579.2 cents per share for shareholders liable to pay Dividends Tax and 724 cents per share for shareholders exempt from paying Dividends Tax . Local dividend tax is 20 % . Cashbuild Limited's tax reference number is 9575168712 . Date dividend declared : Last day to trade " CUM " the dividend : Date to commence trading " EX " the dividend : Record date : Date of payment : Share certificates may not be dematerialised or rematerialised between Wednesday , 24 March 2021 and Friday , 26 March 2021 , both dates inclusive . Johannesburg Monday , 1 March 2021 Tuesday , 23 March 2021 Wednesday , 24 March 2021 Friday , 26 March 2021 Monday , 29 March 2021 This short - form announcement is the responsibility of the Board of directors of Cashbuild and is prepared based on the audited interim results being the full announcement . Any investment decision should be based on the full announcement available on Cashbuild's website www.cashbuild.co.za and on the JSE's website at https://senspdf.jse.co.za/documents/2021/jse/isse/CSB/ie2020.pdf . The full announcement is also available at the Company's registered office for inspection , at no charge , during office hours . Copies of the full announcement may be requested by contacting Elna Munro on telephone +27 11 248 1500 . ince www.cashbuild.co.za