 "Spencer's is ripe for listing: Sanjiv Goenka")
The RP-Sanjiv Goenka Group, owner of the retail store chain, Spencer's Retail, is focusing on bringing the company out of red; first by turning EBITDA positive and then improving its bottomline, a move which will speed up listing of this entity on the country's bourses.
Sanjiv Goenka, the group's chairman said that for the last six months, Spencer's has been EBITDA (earnings before interest, tax, depreciation and amortisation) positive while its earnings per square foot of floor space have increased to Rs 1,741 against the previous near Rs. 1,500.
"Hopefully this trend (of positive EBITDA) will continue. Spencer's is ripe for listing",
