Spar says profits may fall by a quarter amid Polish troubles
Headline earnings per share could fall as much as 27% as the restructuring of its recent Polish acquisition takes longer than anticipated
15 May 2020 - 10:47
Retail group Spar has warned that profits for its six months to end-March could fall by more than a quarter, partially due to the effect of Covid-19 on its recent acquisition of Polish-based Piotr i Pawel Group.
In a trading update the group said headline earnings per share for its six months to end-March are expected to fall by between 17% and 27% from the prior comparative period, though revenue grew 10.1%...
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