Cashbuild keeps interim dividend unchanged as cash position improves
03 March 2020 - 08:40
Building materials retailer Cashbuild says its strong cash position has allowed it to keep its interim dividend to end-December unchanged, though it expects weak trading conditions in light of SA’s precarious economic position to persist in its second half.
The company kept its interim dividend unchanged at 435c, with cash and cash equivalents rising 32% to R1.4bn at the end of the period, mainly due to supplier payments taking place before the start of its half year...
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