Spar reveals half year profit

 In Australia, NewZealand, Spar
Independent supermarket operator, Spar nAustralia, has produced an unaudited profit before tax of $578,000 for nthe half year ended December 31, 2012.n
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nThe result was affected by the early termination of the HLW supply contract, which was worth $1 million in annualised profit.n
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nSince February, Spar has undergone extensive restructuring and more thann $800,000 in annualised fixed costs have been removed from the business.n
Inside Retail – Read More.

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