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Spar Group Ltd
12 November 2014
Spar most recently has been on the acquisition trail, acquiring 80% in BWG Group, a leading food retail and wholesale distribution company and Spar brand owner with operations in the UK and Ireland with more than 1100 stores, effective from 1 August 2014. A commitment to acquire the remaining 20% has been made for the future. The additional value these acquisitions would have added, had they been consolidated from 1 October 2013 would have been R13.9 billion with operating profit of R180.4 million.This morning the company released a stellar set of results for the year ended 30 September 2014 in what was supposed to be a challenging year for retailers.
Financial Highlights:
- HEPS up 12.5% to 781.8 cents per share
- Diluted HEPS up 12.6% to 730.4 cents per share
- Dividend per share up 11.3% to 540 cents per share
- Return on Equity 43.4% up from 39.6% - Leigh Riley, Premium Client Manager
Spar Group Ltd, 11/11/2014
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