Restaurant activity rebounded strongly, particularly in the last three months of 2021, but turnover and profit still remain below pre-pandemic levels
Restaurant group Spur, the owner of RocoMamas, the Hussar Grill and John Dory’s, says headline earnings more than doubled in its half year to end-December, as revenue rebounded in the wake of easing Covid-19 restrictions.
A strong increase in restaurant foot traffic helped revenue grow 40.3% to R441m to end-December, the group said, with headline earnings rising 119.4% to R59m, the latter still down almost a fifth from the same period in 2019...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Murray & Roberts flags return to profit, but Covid-19 weighs on earningsGroup expects to return to headline earnings in its half-year to end-December and says it is well positioned to operate through the uncertainty 🔒
Read more »
COVID-19 in SA: 2,334 new cases recordedOne person has died due to COVID-19 related complications in the last 24 hours.
Read more »
SA records 2,334 Covid-19 cases, 64 deaths in 24 hoursSA recorded 2,334 new Covid-19 cases and 64 deaths in the past 24 hours, the National Institute for Communicable Diseases (NICD) said on Tuesday.
Read more »
Queen cancels virtual meeting as mild Covid-19 symptoms persistQueen Elizabeth will miss a planned virtual engagement on Tuesday because she is still experiencing mild cold-like symptoms after testing positive for Covid-19.
Read more »
Murray & Roberts flags return to profit, but Covid-19 weighs on earningsGroup expects to return to headline earnings in its half-year to end-December and says it is well positioned to operate through the uncertainty 🔒
Read more »
State abandons plans for forced COVID-19 treatment and quarantine camps - South Africa TodayThe state has abandoned its plans to force people who test positive for COVID-19 to isolate in state facilities after sustained pressure by the civil rights organisation AfriForum. The regulations also indicated that people who test positive for COVID-19 should receive mandatory medical treatment. No indication was given as to what type of medical treatment […]
Read more »