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Losses at Polish unit dent SPAR half-year earnings

21 May 2020 7:13 PM
Tags:
Spar
Graham O'Connor
COVID-19
SPAR earnings
Spar Polish unit

Graham O'Connor, Chief Executive Officer at the Spar Group, explains the drop in half-year earnings.

South Africa’s SPAR Group has reported a 13.4% drop in half-year earnings, hit by losses at its restructuring Polish business.

The Money Show also asked the group CEO about their business outlook and logistics during the Covid-19 crisis.

Fortunately we've had input from our international businesses, who got the Covid-19 virus before we had, so we could put protocols in place.

Graham O'Connor, Chief Executive Officer - Spar Group

The team both at the distribution centre and retail have been phenomenal in terms of looking after what's fundamental - the safety of our people and customers.

Graham O'Connor, Chief Executive Officer - Spar Group

We've had two store closures for fourteen days. But we've had a number of stores that fortunately went to double shift system so would separate the people on the shift so if somebody got the virus they could go deep clean and open a couple of days later.

Graham O'Connor, Chief Executive Officer - Spar Group

Listen to the entire interview, about expected earnings and growth expectations, below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.


21 May 2020 7:13 PM
Tags:
Spar
Graham O'Connor
COVID-19
SPAR earnings
Spar Polish unit

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