Great re­sults

Finweek English Edition - - MARKET PLACE -

Spar re­sults were very good with HEPS up 22.1% as Ire­land more than dou­bled profit af­ter tax as lo­cal op­er­a­tions saw an in­crease of just over 10%. The op­er­at­ing mar­gin slipped from 3.1% to 2.8% with Ire­land be­ing the drag as its op­er­at­ing mar­gin was only 1.9%, and if Ire­land con­tin­ues to out­pace lo­cal growth as ex­pected the mar­gin will slip fur­ther. But at the end of the day this off­shore ac­qui­si­tion is work­ing very well and earn­ing for­eign cur­rency for Spar.

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