Cashbuild expects 30% drop in headline earnings

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Building materials retailer sees slowdown in home improvement

SA’s biggest building materials retailer Cashbuild is expecting headline earnings to drop almost a third in its 2022 financial year with the Covid-19 home-improvement boom waning.

This comes a day after it flagged a double-digit revenue fall for its half-year to end-June partly as a result of the July 2021 riots...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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