Spur has hiked its interim dividend just over two-thirds after its profits and revenues soared in its half-year to end-December, with the restaurant group's namesake steakhouse brand leading the growth charge.
The group had previously flagged the outperformance in an update earlier this month, which analysts said indicated Spur was gaining market share. Its shares reacted strongly, soaring almost 4% on the day. The increase in power outages and scheduled load shedding, about 208 days in 2022, placed pressure on franchisee operating costs with higher diesel and generator maintenance costs. But, at the end of December, 90% of restaurants had generators or were linked to shopping mall central generators, and this has since increased to 95%.
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: dailymaverick - 🏆 3. / 84 Read more »
Source: dailymaverick - 🏆 3. / 84 Read more »