Cashbuild expects much lower profit as home improvement slows
The building materials retailer has struggled since the boom of the Covid-19 pandemic
15 February 2023 - 11:14
Cashbuild has warned that its profit will drop more than one-third in its half-year results as the building materials retailer continues to struggle after the home improvement boom from the Covid-19 pandemic.
The company, valued at R4.7bn on the JSE, expects its headline earnings per share (Heps) to decline 35%-40% to 678.2c-734.8c for the 25 weeks ended December 25...
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