HY Results – SPAR’s turnover increased by 7.9% to R72.9 billion. However, operating profit declined by 17.5% to R1.5 billion due to cost pressures and software challenges at the KwaZulu-Natal distribution center. Rising interest rates resulted in increased finance costs, and diluted headline earnings per share declined by 30.2% to 447.7 cents. Considering these challenges, the board of directors decided not to declare an interim dividend.
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