The Spar Group has released its interim results for the 6 month period ended 31 March 2014. Spar currently holds a R22 billion market cap, with a PE ratio of 18.2 and a dividend yield of 3.82%, Spar’s shares are trading up by 7.49% on the year although the share price has dipped down just under 2% on the day (09h40).
Highlights:
- Profit before taxation R889.5 million
- Revenue R25.83 billion
- Headline earnings per share 372.0 cents
- Spar anticipates that market conditions will remain largely unchanged for remainder of financial year
- Says dividend per share for six months ended march 2014 of 195 cents versus 179 cents a year earlier
- Trading performance for first seven weeks of second half of year has remained consistent, and group expects sales growth to be broadly in line with first half
Spar shared its views on its prospects for the year, “Spar anticipates that market conditions will remain largely unchanged for the remainder of the financial year with continued stress on consumer spending, muted and economic growth. The trading performance for the first seven weeks of the second half of the year has remained consistent, and the group expects sales growth to be broadly in line with the first half.”
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