Cashbuild posts revenue losses and reopens looted shops
After July’s pillaging, group reopens 29 of the 36 stores, including three P&L Hardware stores
25 January 2022 - 12:32
Building materials retailer Cashbuild’s share price slumped on Tuesday after it reported that revenue for the December quarter had fallen 11%.
The Johannesburg-based group, with operations also in Botswana, Malawi and Zambia, was hit by the widespread looting in July last year leaving some of its stores in KwaZulu-Natal and Gauteng damaged and shut down, affecting sales...
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