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Johannesburg - Shares in Spur Corporation [JSE:SUR] climbed nearly 3% after the restaurant chain group said first-half earnings increased 19.4%, helped by robust Christmas spending.
Spur, which runs restaurants chains of the same name and Panarottis Pizza Pasta, was up 3.84% at in late afternoon trade at R15.95.
The group increased headline earnings by 19.4% to R58.2m.
An interim dividend of 40.0 cents per share was declared, 21.2% higher than the previous year.
Revenue was up 16.2% to R236.2m.
Managing director Pierre van Tonder said the performance was driven mainly by strong Christmas trading, increased customer loyalty and promotional campaigns across the three franchise brands.
"Membership of the Spur Family Card loyalty programme has more than doubled to over 720 000 in the past six months.
"At the same time, the customer spend per head as well as the volume of foot traffic in Spur has also increased," he said.
Franchise revenue in Spur rose by 12.4% to R78.9m, Panarottis by 6.9% to R6.4mn and John Dory's by 10.2% to R5.5m.
Corporate services and other income grew by 29.8% to R12.6m, and manufacturing and distribution revenue rose by 10.9% to R60.9m, the company said.
Spur, which runs restaurants chains of the same name and Panarottis Pizza Pasta, was up 3.84% at in late afternoon trade at R15.95.
The group increased headline earnings by 19.4% to R58.2m.
An interim dividend of 40.0 cents per share was declared, 21.2% higher than the previous year.
Revenue was up 16.2% to R236.2m.
Managing director Pierre van Tonder said the performance was driven mainly by strong Christmas trading, increased customer loyalty and promotional campaigns across the three franchise brands.
"Membership of the Spur Family Card loyalty programme has more than doubled to over 720 000 in the past six months.
"At the same time, the customer spend per head as well as the volume of foot traffic in Spur has also increased," he said.
Franchise revenue in Spur rose by 12.4% to R78.9m, Panarottis by 6.9% to R6.4mn and John Dory's by 10.2% to R5.5m.
Corporate services and other income grew by 29.8% to R12.6m, and manufacturing and distribution revenue rose by 10.9% to R60.9m, the company said.
