Spar Group tumbles on Q3 net loss vs year-ago profit

Spar

14/11/2022 15:27

** Shares of marketing services co Spar Group Inc  SGRP.O 
fall as much as 7% to a more than two-month low of $1.31
    ** Stock will close lower after gaining for two days, if
losses hold
    ** SGRP posts Q3 net loss attributable to the company of
$32,000, compared to a net profit of $1.2 mln a year earlier
    ** Company reports Q3 adjusted profit of 1 cent, compared to
7 cents a year earlier
    ** SGRP's quarterly revenue up 3.6% at $69.8 mln
    ** Stock has risen ~9% this year
 (Reporting by Ananya Mariam Rajesh in Bengaluru)
 ((AnanyaMariam.Rajesh@thomsonreuters.com ; Twitter: https://twitter.com/AnanyaMariam))