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SPUR CORPORATION LIMITED - Sales update for the year ended 30 June 2015

Release Date: 22/07/2015 09:00
Code(s): SUR     PDF:  
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Sales update for the year ended 30 June 2015

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”)


SALES UPDATE FOR THE YEAR ENDED 30 JUNE 2015

Spur Corporation increased total restaurant sales by 12.1% to R6.2 billion in the
year to June 2015, with sales from existing restaurants increasing by 7.8%.

Restaurant sales in South Africa grew by 11.3%, while sales from international
restaurants increased by 18.6% in Rand terms. Applying a constant exchange
rate, international restaurant sales increased by 12.1%.

Growth in restaurant sales for the year ended 30 June 2015
                                         Total restaurant            Existing
                                                    sales    restaurant sales
                                                (% change)         (% change)
Spur Steak Ranches                                    9.0               7.3
Panarottis Pizza Pasta                               25.4              15.8
John Dory’s Fish Grill Sushi                         12.0               5.7
Captain DoRegos                                    (13.2)            (20.2)
Total South African operations*                      11.3               7.6
Total international operations                       18.6               9.3
Total group*                                         12.1               7.8

* Includes sales for the recently acquired chains, The Hussar Grill and
  RocoMamas, which did not trade in the group for the full current and previous
  financial years.

The group opened 44 outlets in South Africa and eight internationally, including
the first Spur RBW (Ribs Burgers Wings) company-owned store in Corby in the
UK in June 2015.

At 30 June 2015, the group’s restaurant base comprised 522 (2014: 490) outlets,
58 (2014: 52) of which operate 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 2015 will be released on SENS on 10 September 2015.

Cape Town
22 July 2015


Sponsor
Sasfin Capital
A division of Sasfin Bank Limited

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