Cashbuild is in the process of finalising its results for the year to June‚ the company said in a Sens statement.
Four new stores were opened during the fourth quarter and it now has 200 stores in the country.
"As result of the competitive trading environment‚ gross profit margins declined during the fourth quarter. Selling price inflation was 2% when compared with June last year.
"Management expects trading conditions to remain competitive until the first quarter of the new financial year and gross margins to remain under pressure. Store development activity is expected to continue at levels seen over the past two quarters‚" the company said.
For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.za
