Profits up at ‘confident’ Central England Co-op

Central England Co-operative has reported rises in sales and profits for the its year end to 27 January.

Sales of £848.3m were up on last year, with operating profit rising by £5.3m to £16.6m at the retailer which covers 6 counties including; West Midlands, Warwickshire, Worcestershire, Staffordshire, Derbyshire, Leicestershire, Rutland, Nottinghamshire, Northamptonshire, Lincolnshire, West Yorkshire, South Yorkshire, Suffolk, Norfolk, Bedfordshire and Cambridgeshire.

Chief executive Martyn Cheatle said: “We achieved a very encouraging and robust performance in 2017 from both a financial and non-financial perspective, underlining our strength as a modern, progressive, co-operative business.

“Trading conditions remained very challenging and highly competitive throughout the year in all markets in which the Society operates.

“Our encouraging trading performance in 2017 demonstrated our resilience as a strong and successful independent co-operative business to compete in an intensely competitive environment.

“We remain confident in our strategy and our co-operative point of difference to deliver sustainable business growth and provide a relevant and attractive proposition for our members, customers and local communities.”

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