The company summoned the General Extraordinary Assembly of Shareholders to approve the planned share capital reduction which will be carried out in two stages.
Sphera Group registered sales of RON573.2 million in 2017, up 37.3% from a year before, and a net profit of RON31 million, down 36% on the year, according to preliminary results.
The increase in revenue was mainly due to a 17.7% increase in sales posted by KFC restaurants which contributed 17.4% to the company’s turnover, but also due to higher sales posted by Pizza Hut restaurants starting June 2017, which contributed 15.9% to an increase in consolidated sales.