Revenue grows despite currency fluctuations- SPAR

South African grocery retailer and wholesaler, SPAR, announced an 8.8% rise in turnover for the 24-week period ending March 15. However, the company noted ongoing challenges due to currency fluctuations and increased cost-of-living pressures affecting its operating performance.

Despite the revenue growth, SPAR remains cautious about its operating environment, which is influenced by currency swings and rising living costs. These factors continue to impact the company’s ability to maintain stable operational performance.

SPAR’s latest financial report highlights the complexities faced by retailers in South Africa amid economic uncertainties. While revenue has increased, the company remains vigilant in navigating challenges to ensure sustainable business operations.

Sourcr: Reuters