Spur Corporation FY sales up 12.1% to R6.2bn

Spur Corporation (SUR) has lifted sales across its operations 12.1% to R6.2bn in the year to June from the year-earlier period.

The restaurant chain said on Wednesday, 22 July 2015, that sales in SA rose 11.3%‚ while sales from international restaurants rose 18.6% in rand terms.

Using the constant exchange rate‚ international restaurant sales increased by 12.1%.

The company has opened 44 outlets in the country and eight internationally during the past year‚ bringing its total restaurant base to 522.

The stock was up 6% in early trade to R38‚ valuing the company at R4.1bn.

Source: BDpro via I-Net Bridge