Cashbuild reported FY HEPS down 8% to 959.9c, below the guidance midpoint of 965.1c. Revenue increased 6% to R12.11bn, supported by new stores and higher transactions. Gross margins improved to 25.3% from 24.8%, but operating expenses increased 9% and a R35m loss on a Malawi disposal also reduced reported earnings. Like-for-like sales increased 2%, while transactions rose 5% and inflation was 1.5%. Full year dividend flat at 626c.
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