Supermarkets
The Spar Group sees H1 profits rise 28%
Turnover increased by 7.5% to R64.2bn (£3.2bn) from R59.7bn (£3.05bn) despite sales slowing ‘significantly’ in the month of March 2021 whilst the majority of Europe remained in lockdown
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The Spar Group has revealed that its operating profit for the six months ended 31 March 2021 grew 28% to R1.7bn (£86.8m) from R1.3bn (£66.4m) the previous year, reflecting “exceptionally strong performances” in European countries.
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