JOHANNESBURG - Power cuts across the country have eaten into SPAR’s bottom line.
The retailer released full-year results showing it experienced fuel and energy cost pressures.
But the retailer was also dragged down by poor performance at its businesses in Poland.
SPAR managed to increase group turnover by 6 percent but its earnings fell 3 percent.
The group says fuel and energy costs in all its operating regions rose more than 26 percent, while others such as promotional and IT costs also grew.