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Spar 17-weeks turnover up 10.7% y/y

12 Feb 2013

Food retailer Spar (SPP) said on Tuesday, 12 February, that turnover grew by 10.7% to R15.8 billion in the 17 weeks ended 26 January 2013 compared with the same period a year ago.

Spar said this performance continued to reflect positive volume growth and moderate levels of food inflation.

High fuel costs continue to have some impact on the group's profitability.

The group's financial results for the six months ending March 2013 will be released on or about 15 May 2013.

Source: I-Net Bridge

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