South African food retailer Spar posts 30.3% fall in interim earnings

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JOHANNESBURG, June 14 (Reuters) – South African food retailer Spar (SPPJ.J) on Wednesday posted a 30.3% fall in half-year earnings, led by inflationary pressures on consumers and increased operational costs arising from rolling blackouts.

The company said its headline earnings per share – the main profit measure of corporates in South Africa – fell from 642.6 cents to 447.9 cents in the six months ended March 31.

Reporting by Tannur Anders; Editing by Muralikumar Anantharaman

Our Standards: The Thomson Reuters Trust Principles.

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