Johannesburg - The Spar Group, one of South Africa’s leading grocery retailers, said on Wednesday that it expected headline earnings per share (HEPS) to rise by 20-25 percent for the six months to the end of March.
Spar said in a statement that HEPS would be 446.4 cents to 465 cents. It also said that earnings per share would rise by 20-25 percent to 446.5-465.1 cents.
In November, Spar reported a 15 percent rise in 2014 sales to R54.5 billion with last year’s HEPS up 12.5 percent to 781.8 cents. At the time, Spar Chief Executive Graham O’Connor said the group expected to see an improvement in profitability at its Irish operations in the short term, which would have a positive impact on the group’s bottom line by 2016.
ANA