Cashbuild's interim results reflect tough trading conditions

GUEST - Werner de Jager – CashBuild CEO<br /> <br /> Its interim revenue, operating profit, and headline earnings and dividend for the period ended 25 December 2022 were all down significantly compared to the group’s 2021 and 2020 half years.<br /> <br /> Cashbuild was one of the retail sector’s biggest beneficiaries of the Covid-19 home renovations boom and historically low interest rates during the peak of the pandemic, which saw consumers under lockdown spending more on their homes.The group reported a 4% decline in revenue (to R5.6 billion) for its latest half-year, while headline earnings plunged 39% to R156 million, compared to the corresponding half-year period. <a href="http://www.kayafm.co.za/">Kaya FM </a>