S.African retailer Spar's interim earnings slump 30%

  • 📰 ReutersAfrica
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 53%

Nederland Nieuws Nieuws

S.African retailer Spar's interim earnings slump 30%
Nederland Laatste Nieuws,Nederland Headlines

South African food retailer Spar on Wednesday posted a 30.3% fall in its half-year earnings, led by inflationary pressures on consumers and increased operational costs arising from rolling blackouts.

Customers walk beneath a company logo for the South African supermarket chain SPAR Group as they arrive at a supermarket in Johannesburg, South Africa, June 7, 2022. Picture taken June 7, 2022. REUTERS/Siphiwe Sibeko/FILE PHOTOon Wednesday posted a 30.3% fall in its half-year earnings, led by inflationary pressures on consumers and increased operational costs arising from rolling blackouts.

South Africa is facing its worst rolling blackouts on record, costing Spar retailers over 700 million rand on diesel for generators over this period alone.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

ReutersAfrica /  🏆 31. in NL
 

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

BUSINESS REFLECTION: After the Bell: South African SOEs — one corporate ring to rule them allBUSINESS REFLECTION: After the Bell: South African SOEs — one corporate ring to rule them allWill putting all South Africa’s state-owned enterprises into a single pot make it boil? Or will this be another complicated reshuffling of the deckchairs on these ships that won’t keep them from sinking?
Bron: dailymaverick - 🏆 3. / 84 Lees verder »