Alcohol and other drugs bring home the bacon for Spar
Spar on Wednesday reported a 1.4% increase in headline earnings per share to 965.7 cents for the year to 30 September 2018.
Headline earnings came in at R1.859 billion.
The JSE-listed company declared a dividend of 729 cents per share, an 8% increase on the year before.
Ireland (1371 stores) was Spar’s top performer, but profits in Switzerland (315 stores) is down.
Overall turnover is up 6% to R103 billion.
Alcohol turnover grew by 13% while turnover of pharmaceuticals was up 13.4%.
Spar has 2236 stores in South Africa.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
Our guys… are firing the retailers [in Switzerland] up… To see the change in culture in the business is absolutely remarkable… They responded well…Graham O'Connor, Spar Group
Tops was outstanding… an exciting brand… advertising to younger people and females have been well received…Graham O'Connor, Spar Group
Our President has done a fantastic job of eradicating corruption and trying to get employment on the cards…Graham O'Connor, Spar Group
Enjoy The Money Show, but miss it sometimes?
Get the best bits emailed to you daily, right after it ends:
This article first appeared on 702 : Alcohol and other drugs bring home the bacon for Spar
Photographer Johnny Miller discusses the impact of his moving work and how he captures his eye-opening images.Read More
Last month, Eskom shut down claims by the Democratic Alliance that load shedding was on the cards.Read More
Cape Town stadium will be leased to a municipal body that's subsidised by the city for R100 per annum.Read More
Sacca executive for corporate services Phindiwe Gwebu says the airline has given them an assurance that all issues are resolved.Read More
Handsfree pickpocketing is a myth, says consumer journalist Wendy Knowler. But risks remain, suggests a case she took on.Read More
The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.Read More
Personal finance expert Warren Ingram warns that divorce almost always destroys wealth. Here’s how to not lose your money.Read More
Sasmef president Tebogo Kaas calculates cost of rolling blackouts, while union's Mike Shingange says Eskom board must go.Read More
Bruce Whitfield interviews Basetsana Kumalo about her attitude to money (hopes and fears, successes and failures, etc.).Read More
The proceeds of social bonds exclusively finance projects that deliver a social impact.Read More