SPAR Group Reports a Significant Improvement in Financial Results for 2008 Second Quarter, Six Months Jul 31, 2008
Source: SPAR Group, Inc. ... TARRYTOWN, N.Y., July 31, 2008 (PRIME NEWSWIRE) -- SPAR Group, Inc. (NasdaqCM: - ) today reported a significant improvement in financial results for the second quarter and six months ended June 30, 2008 ... SPAR Group achieved net income of $3,000 for the 2008 three month period ended June 30, 2008, equal to breakeven per share, which included $458,000 in non-recurring litigation costs and a $170,000 tax benefit. (Primezone Releases)
World's best business May 15, 2008
Now Spar has been probably the best unbundling success story from Tiger Brands, the share gaining on the day with a 29 percent jump in profits for the six months to the end of March, and Wayne Hook, the chief executive officer of the Spar group, joins us on the line from KZN this evening ... Bruce Whitfield: Wayne Hook, nice to talk to you, thank you very much indeed, from Durban in KwaZulu Natal, the chief executive officer of the Spar group. (iAfrica.com)
Reduced consumer spending dents retail sales in March May 15, 2008
Mike Prentice, a Spar group merchandise executive, said the rand value of the consumer basket in rural Limpopo had remained the same, but the volume of food had fallen due to high prices. This led the company to believe this trend would be no different in other rural areas, where the country's poorest lived. (Business Report, South Africa)
SPAR Group Reports Fourth Quarter and Year-End 2007 Financial Results Feb 25, 2008
Source: SPAR Group, Inc. ... TARRYTOWN, N.Y., Feb. 25, 2008 (PRIME NEWSWIRE) -- SPAR Group, Inc. (NasdaqCM: - ) today reported financial results for the fourth quarter and year ended December 31, 2007 ... We continue to show strong revenue growth in our international operations and are in the initial stages of executing on our new strategy to grow domestic revenues,'' said Gary Raymond, SPAR Group's president and chief executive officer. (Primezone Releases)
SPAR Group Receives Extension From NASDAQ to Regain Listing Compliance Feb 11, 2008
Source: SPAR Group, Inc. ... TARRYTOWN, N.Y., Feb. 11, 2008 (PRIME NEWSWIRE) -- Following the submission of its definitive plan to achieve compliance with Marketplace Rule 4310(c)(3), SPAR Group, Inc. (NasdaqCM: - ), today announced that the company received a staff notification from Nasdaq Listing Qualifications on February 5, 2008 granting the company an extension to regain compliance with the rule ... The NASDAQ letters do not affect the listing of the company's securities at this time, and... (Primezone Releases)
SPAR Group Names James R. Segreto Chief Financial Officer Dec 17, 2007
Source: SPAR Group, Inc. ... TARRYTOWN, N.Y., Dec. 17, 2007 (PRIME NEWSWIRE) -- SPAR Group, Inc. (NasdaqCM: - ) today announced that James R. Segreto, vice president and controller, has been named chief financial officer and treasurer, succeeding Charles Cimitile, who resigned to accept a position with another company ... Segreto, 59, joined SPAR Group in 1997 as controller. (Primezone Releases)
Strong profit outlook lifts Spar shares Nov 7, 2007
The Spar Group expected full-year headline earnings a share to rise by between 25 percent and 35 percent, the consumer goods distributor said yesterday, boosting its shares. The company said growth in earnings a share from the year before was expected to be in the same range. (Business Report, South Africa)
More arrests for defying Zimbabwe price decree Jul 9, 2007
Among those detained were the managers of Edgars Stores Zimbabwe; Innscor Africa, a food, tourism and entertainment company; and Spar Group, the Harare-based newspaper said on its website. The arrests brought to 33 the number of company officials held since Friday, the Sunday newspaper said. (Business Report, South Africa)
Pick 'n Pay fails to get out the word on cheaper prices Jun 19, 2007
Pick 'n Pay said research done by Adcheck from October had shown a basket of common goods sold by Shoprite as well as Spar Group was cheaper at Pick 'n Pay across the country, apart from KwaZulu-Natal in December, where the Checkers hyper format was cheaper. But Gryphon Asset Management chief investment officer Abri du Plessis said yesterday that retailers commissioned their own surveys and there was a lack of independent research on supermarket prices. (Business Report, South Africa)
Asgisa meeting targets May 19, 2007
Online Edition Powered By IOL. Johannesburg - The Accelerated and Shared Growth Initiative for South Africa (Asgisa) has added value and targets are being met, although there are also areas where things have not gone quite as well, Alan Hirsch, Deputy Head of the policy unit in the Presidency, said on Thursday. (Business Report, South Africa)
Medscheme branches out, but will not list yet May 18, 2007
Online Edition Powered By IOL. Johannesburg - Medscheme, South Africa's largest black-owned healthcare company, has diversified its business into financial services but it will not seek a JSE listing just yet. (Business Report, South Africa)
Coega seeks partner for R8bn plan May 18, 2007
Online Edition Powered By IOL. Cape Town - Transnet and the department of public enterprises are designing a framework for private sector participation in a project to build a massive container terminal at Coega. (Business Report, South Africa)
Expo shows global IT firms' enthusiasm for SA May 18, 2007
Online Edition Powered By IOL. By Sibongile Khumalo. (Business Report, South Africa)
Spar Group delivers 30% profit rise May 4, 2007
Johannesburg - Spar Group's first-half profit climbed as much as 30 percent, swelled by "buoyant" business conditions, the grocery, liquor and building materials distributor said yesterday. Earnings per share and per share profit, excluding one-time items, rose at least 25 percent from a year earlier in the six months to March, the Durban-based company said in a statement to the stock exchange. (Business Report, South Africa)
Drought may stoke food prices Mar 26, 2007
Spar Group marketing director Roelf Venter said that apart from higher mealie meal prices hitting poor people, price hikes in red meat and chicken were also inevitable. Venter said he expected consumers to look for cheaper cuts and to turn to chicken, as it was not as dear as red meat. (Business Report, South Africa)
Retailers smash records Jan 5, 2007
Eastern Cape Spar Group groceries purchasing manager Martin Webber said the group had a bumper season. "We had a 28 percent increase in our sales compared with the previous festive season. There was a huge improvement across all categories.". (Business Report, South Africa)
