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SPP: Turnover up 7.9% to ZAR 77.2bn, profit down 10.2%, Poland exit and margin recovery prioritized

SPP: Turnover up 7.9% to ZAR 77.2bn, profit down 10.2%, Poland exit and margin recovery prioritized

Spar Group LimitedJune 12, 20244
SPP: Turnover up 7.9% to ZAR 77.2bn, profit down 10.2%, Poland exit and margin recovery prioritized

About this update from Spar Group Limited

Turnover rose 7.9% to ZAR 77.2bn, but profit after tax fell 10.2% due to higher finance costs and SAP issues in KZN. Poland exit is on track, with debt restructuring and margin recovery in focus. Group targets 3% SA margin by FY26 and lower CapEx.Based on This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original source.

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