Sphera Group Posts RON4.7M Net Loss In Jan-Sept 2020 Vs RON38.2M Profit In Year-Earlier Period

11.12.2020 By Ecaterina Craciun

Sphera Group (SFG.RO), which manages restaurants under the KFC, Pizza Hut and Taco Bell brands in Romania, ended the first nine months of 2020 with a net loss of RON4.7 million (excluding the impact of the adoption of IFRS 16), versus a profit of RON38.2 million in the same period in 2019, while restaurant sales reached RON502.4 million, down 27.6% on the year.

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