Co-op post profits of £47 million
Monday 23rd May 2011, 3:00PM BST.
Chief executive Colin Macleod
THE Channel Islands Co-op posted record profits of £47 million for last year and is enjoying the most successful period in its history, according to its latest set of results.
About £7.5 million was handed back to members in the form of dividend as a result of the strong trading levels in 2010.
And the retail business has reported an ‘excellent’ start to 2011 despite new competition from Waitrose.
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