BRIEF-Spur Corporation Says FY Total Franchised Restaurant Sales Declined By 21.7% To R6.0 Bln

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BRIEF-Spur Corporation Says FY Total Franchised Restaurant Sales Declined By 21.7% To R6.0 Bln
Credit: © Reuters.

July 23 (Reuters) - Spur Corporation Ltd SURJ.J :

* FY SALES FROM FRANCHISED RESTAURANTS IN SOUTH AFRICA DECREASED BY 22.3% (ADDS '%' SYMBOL)

* SPUR CORPORATION LTD - SPUR CORPORATION'S TOTAL FRANCHISED RESTAURANT SALES DECLINED BY 21.7% TO R6.0 BILLION FOR YEAR TO 30 JUNE 2020

* SPUR CORPORATION LTD - IT IS ANTICIPATED THAT NUMBER OF LOCAL RESTAURANTS TRADING WILL INCREASE FROM 374 AT 30 JUNE 2020 TO 495 BY END OF JULY 2020

* SPUR CORPORATION LTD - COVID-19 HAS HAD A SIGNIFICANT IMPACT ON GROUP'S REVENUE AND EARNINGS FOR YEAR

* SPUR CORPORATION LTD - SEES FY EARNINGS PER SHARE AND HEADLINE EARNINGS PER SHARE ARE LIKELY TO DECLINE BY AT LEAST 40% RELATIVE TO PRIOR YEAR.

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