plans to sell its loss-making business in Poland, the South African grocery retailer and wholesaler said on Thursday, as it reported a 10.6% rise in turnover for the first 47 weeks of its financial year.
"Having evaluated and considered all options, the board believes that it is in the best interests of the group and shareholders to engage in a process to dispose of its interests in Poland," the company said in a statement. In its half year results in June, SPAR said growth in retailer loyalty and a reduction in operating losses at the Polish business were encouraging.
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