Spur says half-year profits to increase by a third
The company reversed a provision for an expected credit loss related to its former BEE partner Grand Parade Investments
21 February 2020 - 10:31
Restaurant group Spur said on Friday it expected interim profit for its half-year to end-December to rise by about a third, having reversed a R10.8m credit-loss provision related to former BEE partner Grand Parade Investments (GPI).
Headline earnings per share for the period are expected to rise by between 32% and 37% compared with the prior period’s 92.34c, Spur said...
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