Spur’s shares leap after reporting it expects annual profit to soar
Its business model continues to show resilience despite tough economic conditions, the group says
07 August 2023 - 10:11
UPDATED 07 August 2023 - 18:30
Shares of restaurant group Spur Corporation jumped nearly 6% on Monday — the most in almost 10 months — after it told investors that it expects its profit for the year ended June to surge by as much as 83%, buoyed by double-digit growth in sales.
The group’s shares closed 5.87% stronger at R24.88 on Monday after it reportedtotal restaurant sales grew 23% in the year under review. ..
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.