Spar Becoming More Profitable

CompaniesRetail & Consumer ♦ Published: June 27, 2013; 17:53 ♦ (Vindobona)

Spar made profits before taxes in the amount of € 164m last year with food, sport articles and shopping center floor space.

Spar Becoming More Profitable / Picture: © Spar

Spar Holdag, which comprises food trade, sports retails and shopping centers in and outside of Austria has substantially increased its revenues in 2012. EBT increased to € 164m. In 2011, pretax profits came at € 111m. Equity ration increased from 25.5 percent to 26.4 percent, according to Thursday’s press release by the company.

According to Nielsen, Spar had a market share…