"The board and management recognised at the time of the Ireland acquisition that the inclusion of the BWG Group was a fundamental shift for Spar. It has increased Spar's exposure to global thinking in different market environments, allowing us to gain and share knowledge. That being said, the change has not affected our commitment to the values and relationships that are the bedrock of the business," the retailer said.
In the year ended September 2015, Spar reported a 6.9% rise in headline earnings per share (HEPS) to 835.5c compared with the year-earlier period.
Group turnover increased by 34.5% to R73.3bn while operating profit climbed 23% to R2.3bn.
Spar declared a final gross cash dividend of 393c per share.
Looking ahead, the retailer said it expected the trading environment in southern Africa to remain challenging.
"The focus areas in SA for the year ahead include the opening of new stores across all brands, as well as supporting organic growth through further store refurbishments.
"Furthermore, the prospects in Ireland are improving as economic recovery and growth are set to continue. The group is therefore well positioned to extend its position in both geographic segments," said the group.
In the past year, Spar's market cap has increased by 51%.
Shares closed at R195.38 on the JSE on Tuesday, valuing the company at about R34.7bn.
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