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United Kingdom

Spar Group HY Headline Earnings Per Share Up 13.8 pct


Wednesday, 30 May 2018 

May 30 (Reuters) - SPAR Group Ltd ::HY HEADLINE EARNINGS PER SHARE UP 13.8%.INTERIM DIVIDEND PER SHARE OF 270 CENTS.HY TURNOVER UP 5.6% TO 50.02 BILLION RAND.HY REVENUE 50.94 BILLION RAND VERSUS 48.38 BILLION RAND.BWG GROUP'S GROWTH OUTLOOK, STILL UNDERPINNED BY BREXIT UNCERTAINTIES, REMAINS POSITIVELY CAUTIOUS IN BOTH TERRITORIES WHERE THEY OPERATE.HY GROUP'S GROSS MARGIN INCREASED TO 9.9% (2017: 9.6%).CAPITAL EXPENDITURE BUDGET IN SOUTHERN AFRICA FOR NEXT SIX MONTHS IS EXPECTED TO REDUCE TO NORMAL OPERATING LEVELS.DESPITE EARLY INDICATIONS OF IMPROVING CONSUMER AND BUSINESS CONFIDENCE IN SOUTHERN AFRICA, TRADING ENVIRONMENT IS EXPECTED TO REMAIN LARGELY UNCHANGED IN MEDIUM TERM. 

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