South African food retailer Spar posts 30.3% fall in interim earnings

Spar

14/06/2023 06:10

JOHANNESBURG, June 14 (Reuters) - South African food
retailer Spar  SPPJ.J  on Wednesday posted a 30.3% fall in
half-year earnings, led by inflationary pressures on consumers
and increased operational costs arising from rolling blackouts.
    The company said its headline earnings per share - the main
profit measure of corporates in South Africa - fell from 642.6
cents to 447.9 cents in the six months ended March 31.

 (Reporting by Tannur Anders; Editing by Muralikumar
Anantharaman)
 ((Tannur.Anders@thomsonreuters.com;))