September 7, 2017 / 7:07 AM / 3 months ago

BRIEF-Spur Corporation says FY HEPS down 18.4 pct

Sept 7 (Reuters) - Spur Corporation Ltd:

* FY ‍PROFIT BEFORE INCOME TAX FROM CONTINUING OPERATIONS DECLINED BY 14.9% TO R210.7 MILLION​

* SPUR CORPORATION LTD - FY TOTAL FRANCHISED RESTAURANT SALES FROM CONTINUING OPERATIONS ACROSS LOCAL AND INTERNATIONAL OPERATIONS INCREASED BY 4.2% TO R7.2 BILLION

* FY ‍HEADLINE EARNINGS DECLINED BY 18.4% TO R133.9 MILLION​

* FY FRANCHISED RESTAURANT SALES IN SOUTH AFRICA GREW BY 4.4% AS DISCRETIONARY SPENDING CAME UNDER INCREASING PRESSURE

* ‍FY DILUTED HEADLINE EARNINGS PER SHARE FROM CONTINUING OPERATIONS WAS 25.9% LOWER AT 140.8 CENTS​

* ‍FY TOTAL DIVIDEND HAS BEEN REDUCED BY 5.7% TO 132 CENTS PER SHARE FOR YEAR​

* FY INTERNATIONAL RESTAURANT SALES (EXCLUDING UK) INCREASED BY 2.4% IN RAND TERMS AND BY 6.3% ON A CONSTANT EXCHANGE RATE BASIS

* PLANS FOR NEW FINANCIAL YEAR INCLUDE OPENING OF A NET 20 RESTAURANTS IN SOUTH AFRICA

* DIRECTORS DO NOT EXPECT TRADING CONDITIONS TO IMPROVE IN NEXT 12 TO 18 MONTHS Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 80 6749 1136)

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