Spur Corporation enjoying the taste for life as profits increase 8.4%
JOHANNESBURG –
Spur Corporation Thursday reported an increase of 8.4 percent in group revenue to R525 million as middle income consumers came under increasing financial strain in the six months to December 2019.
Spur Corporation Thursday reported an increase of 8.4 percent in group revenue to R525 million as middle income consumers came under increasing financial strain in the six months to December 2019.
Pre-tax profit grew by 19.5 percent to R161.8m, boosted by an impairment provision of R10.8m related to its black economic empowerment transaction with Grand Parade Investments, which ended in October 2019.
Headline earnings grew 29 percent to R113.5m, with diluted headline earnings per share 35.6 percent higher at 124.9 cents. The interim dividend was lifted by 23.8 percent to 78 cents per share.
Source: iol.co.za