Spar Group rises on reporting Q4 profit from year-ago loss

Spar

17/04/2023 15:37

** Shares of marketing services firm Spar Group Inc  SGRP.O 
up 2.3% at $1.31
    ** Co reports Q4 adjusted profit of $1.9 mln, or 8 cents per
share, compared with a loss of $644,000, or 3 cents per share, a
year ago
    ** SGRP says it benefited from better pricing and lower
expenses following cost-control measures
    ** Company's Q4 revenue up 7.7% at $64.6 mln
    ** Stock has fallen 1.5% in 2023

 (Reporting by Anne Florentyna Gnanaraja Sekar in Bengaluru)
 ((AnneFlorentyna.GnanarajaSekar@thomsonreuters.com;))