SPUR CORPORATION LIMITED - Sales update for the year ended 30 June 2014
28 July 2014 11:00
SUR 201407280023A
Sales update for the year ended 30 June 2014

Spur Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/000828/06)
Share code: SUR
ISIN: ZAE 000022653
(“Spur Corporation” or “the group”)


Spur Corporation increased total restaurant sales by 13.5% to R5.5 billion in the
year to 30 June 2014, with sales from existing restaurants increasing by 9.8%.

Restaurant sales in South Africa grew by 12.7%. Sales in the international
operations were 20.2% higher in Rand terms, bolstered by the depreciation of the
Rand during the year. Based on a constant exchange rate, international sales
increased by 6.6%.

Spur Steak Ranches in South Africa increased sales by 11.3%, with turnover
from existing restaurants up 9.8%.

Panarottis Pizza Pasta grew restaurant sales by 28.2% in South Africa, with
turnover from existing restaurants increasing 15.2%.

Sales in John Dory’s Fish Grill Sushi restaurants grew by 21.0% and by 12.0% in
existing stores.

Sales in the recently acquired takeaway chain Captain DoRegos declined 13.8%,
partially impacted by the closure of redundant outlets.

The Hussar Grill steakhouse chain was acquired with effect from 1 January 2014,
and sales for the six months have been included in the group’s total restaurant

The group opened 18 Spur, 8 Panarottis, 5 John Dory’s and 4 Captain DeRegos
outlets. At year end the group’s restaurant base totalled 490, with 52 outlets
operating outside of South Africa.

The financial information in this sales update has not been reviewed or reported
on by the group’s independent auditor. Spur Corporation’s annual results for the
year ended 30 June 2014 will be released on SENS on 11 September 2014.

Cape Town
28 July 2014
Sasfin Capital
A division of Sasfin Bank Limited

Date: 28/07/2014 11:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

 Powered by ProfileData