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Gross profit increased to £121m from £111m in the previous year, with members’ share of profits totalling £2.9m

The Southern Co-operative has reported an increase in annual income and like-for-like sales in its annual results for 2017, but operating costs have also risen.

Total income for the 52 weeks ended 27 January 2018 was £431m, up 9% from the previous year, following investment in new stores and funeral homes.

Like-for-like sales grew by 1.63% and the society, which trades across 11 counties in the south of England, opened 16 new food stores in 2017, bringing the total to 216.


Co-operative News - Global Hub

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