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A tough energy market impacted on the society, which recorded increased sales in its food and travel divisions

Operating profit at Midcounties Co-op fell to £8.2m for the year to 26 January 29, down from £11m last year, after the society recorded losses at its energy and healthcare businesses.

But chief executive Phil Ponsonby said the rest of the society’s businesses had performed strongly, with increased food and travel sales, and operating profits rising to £16.5m before taking Co-op Energy’s performance into account.

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Co-operative News - Global Hub

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