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November 11, 2009
Spar reports trading profit up 25%
In a difficult and competitive trading environment The SPAR Group Limited produced strong growth in both sales and profitability for the year under review. Turnover of R32 billion increased 19.5%, while trading profit rose 25% on the prior year.
Headline earnings per share of 484.8 cents, exclusive of the Broad Based Black Economic Empowerment (BBBEE) transaction cost increased by 19.5%. The annual dividend declaration increased 26.3%, reflecting a further reduction in the dividend cover. Cash generation remained satisfactory, notwithstanding capital expenditure of R442 million.
Posted by StaffWriter at November 11, 2009 9:45 AM
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