Cashbuild (CSB) Results Snapshot 1H23

Diluted HEPS 704.0cps (-37.6% y-y).
Revenue down by 4.1% y-y.
GPM down 124bps from 26.6% to 25.3%.
Expense growth +0.2% y-y with expense to sales ratio up from 20.0% to 20.9%.
OPM declined to 4.6% (1H22: 8.4%).
Interim dividend of 400.0cps (1H22: 587.0cps) coming from income reserves.
Gross debt up to R18.6m (1H22: R15.4m) with cash declining to R1.7bn (1H22: R1.9bn).