Spar grows profits as shopping habits get back to normal
The retailer benefited from easing Covid-19 restrictions but has still slashed its dividend to fund corporate activity
08 June 2022 - 08:28
Retailer Spar says it is encouraged by a normalisation of shopping behaviour in SA as Covid-19 wanes, but it has still cut its interim dividend by more than a third as it eyes growth and rolls out software upgrades across its business.
Spar cut its interim dividend by 37.5% to 175c per share, about a R337m payout for a group valued at R28.67bn...
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