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Cashbuild reports 21% increase in interim dividend amid challenging trading conditions
March 05, 2026
|Cape Times
CASHBUILD, the southern African building materials retailer that services mainly cash-paying customers, increased its interim dividend by 21% in a tough trading environment where revenue was up 3% to R6,3billion.
A CASHBUILD outlet in Vosloorus in Ekurhuleni. Positive investor sentiment around Cashbuild's stronger second half outlook and a relatively high interim dividend payout appeared to be reflected tin the 3.8% rise in the share price on the JSE on Wednesday morning to R150.54.
(SIMPHIWE MBOKAZI. Independent Newspapers.)
And the group is cautiously optimistic for a better second half, as revenue in the first seven weeks of trading since the end of December 28 saw revenue up by 8% compared to the same time last year, said chief operating officer Shane Thoresson in an interview.
The stronger outlook and solid interim results were reflected in the share price that notched up a relatively big 3,8% on the JSE on Wednesday morning to R150,54. Last year, the share price was trading at R171.
هذه القصة من طبعة March 05, 2026 من Cape Times.
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