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

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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