Spar Group December quarter turnover up 13.5%

The Spar Group on Tuesday, 14 February 2012, reported an increase in turnover of 13.5% to R10.98 billion for the quarter ended 24 December 2011. The company said its performance reflected increased food inflation supported by solid volume growth. However, it added that the competitive trading environment continued to have some impact on its profitability. Source: I-Net Bridge