Booker sales and profits rise pre-Tesco merger
Wellingborough food wholesaler Booker Group has seen profits and revenue rise for the year-ending 24 March.
In its newly-published accounts, Booker’s profits before tax were up 15% to £174m, while sales increased 6.7% to £5.3bn.
Internet sales peformed particularly well, up 10% just over £1bn.
At the beginning of the year Booker announced that it was planning to merge with Tesco.
In a Chairman’s Report, Stewart Gilliland says: “The Group’s revenue in the first seven weeks of the current financial year is ahead of last year.
“As a result of the proposed merger, we are in an offer period as defined in the Takeover Code. We will not be making forward looking statements for the duration of the offer period.”
