SPAR:  19,445   +70 (+0.36%)  24/07/2019 00:00

SPAR Group HY HEPS 523.6 Cents, In Final Stages Of Negotiations Regarding Piotr I Pawel

May 15 (Reuters) - SPAR Group Ltd:

* UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31 MARCH 2019 AND CASH DIVIDEND DECLARATION

* HY NORMALISED DILUTED HEPS +7.4%

* HY INTERIM DIVIDEND PER SHARE +5.2%

* HY TOTAL TURNOVER GREW 8.6% FROM R50.0 BILLION TO R54.3 BILLION

* HY HEADLINE EARNINGS PER SHARE 523.6 CENTS VERSUS 542.1 CENTS

* HY EARNINGS ADVERSELY IMPACTED BY FINANCE COSTS

* DESPITE MAKING REAL PROGRESS IN ADDRESSING STRATEGIC ISSUES, SPAR SWITZERLAND'S PROFITABILITY FOR FIRST HALF FELL SHORT OF EXPECTATIONS

* PIOTR I PAWEL SPAR GROUP HAS BEEN AWARDED SPAR LICENCE TO OPERATE BRAND IN POLAND

* IN FINAL STAGES OF NEGOTIATIONS TO PURCHASE A CONTROLLING INTEREST IN PIOTR I PAWEL GROUP IN POLAND

* RECENT WHOLESALE ACQUISITIONS WILL FURTHER STRENGTHEN IRISH GROUP'S PROFIT

* TRADING ENVIRONMENT IS LIKELY TO REMAIN EXTREMELY COMPETITIVE IN MEDIUM TERM Source text for Eikon: Further company coverage:

2019-05-15 07:18:17

© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.