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Cashbuild’s Mixed Results Amid Malawi Loss | Namibia News
Cashbuild’s June revenue rose 6%, fueled by 2% growth in existing stores and 4% from 20 new locations, while transaction volume jumped 5%—but a 34.9 million rand loss from selling its Malawi operation dragged down earnings. Price hikes of 1.5% were offset by improved gross profit margins, yet operating expenses surged 9% (7% excluding Malawi), leading to a sharp drop in EPS. Despite steady early post-period revenue trends, Cashbuild warns ahead remains tough, with cautious expansion and store upgrades on the horizon. Listen in comfort:Get a discount on a Soli Pillow…
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