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South Africa's Spar Group Sees H1 Profits Rise In Ireland, Switzerland Down

Published on May 16 2019 9:22 AM in Retail tagged: Featured Post / Ireland / South Africa / Spar Group / Paywall

South Africa's Spar Group Sees H1 Profits Rise In Ireland, Switzerland Down

South Africa's Spar Group said that its Ireland-based operations posted profit before tax of €16.1 million (R256.4 million) in the first six months of its financial year, boosted by a strong performance in the convenience sector.

Turnover at the Irish business, BWG Group, was up 8.0%, of which 2.5% was like-for-like growth, and 5.5% was driven by newly-acquired businesses.

Its Spar banner reported turnover growth of 3.8%, while Mace was up 3.7%.

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