Spar Group quarter turnover up

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Spar Group

The Spar Group (SPP) on Tuesday reported an increase in turnover of 13.5% to R10.98 billion for the quarter ended December 24, 2011.

The company said its performance reflected increased food inflation supported by solid volume growth.

However, it added that the competitive trading environment continued to have some impact on its profitability. - I-Net Bridge

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