Spar Group increases sales

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Spar.
Spar.

Johannesburg - The Spar Group [JSE:SPP] said on Wednesday it has increased sales by 16.9% from R21.9bn to R25.6bn for the 13-week trading quarter ended 31 December 2016 over the comparable period in 2015.

Group sales in South Africa increased by 5.8%, which were adversely impacted by a slow-down in the building materials business. Excluding the Build It business, the group sales increased by 6.2%, with internally measured price inflation of about 8.3%.

The group's liquor sales remained robust in South Africa, with sales growth exceeding 11.3%. Spar retail sales grew by 6.1% with sales in comparable stores up by 5.2%.

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