Super Group's net profit down 24% to $13.6m in Q1

Due to lower sales revenue.

Super Group reported that its net profit declined 24% year-on-year to $13.6m in the first quarter, dragged by lower sales revenue from its branded consumer segment.

Branded consumer sales declined 5% year-on-year to $84.2m, on back of lower sales from Easter Europe and Southeast Asia. Total sales revenue registered at $121.7m, 2% lower-year-on-year.

The group declared an earnings per share of 1.22 cents, 24% lower than its EPS of 1.60 cents in the same period last year.
 

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Penilaianmu: MagBe