Lincolnshire Co-operative has successful half year
Lincolnshire Co-operative saw its food sales rise by 2.3% in the first half of its financial year.
Popular products from local suppliers helped demand for the Society’s Love Local range increase by 22% in the six months to March and Lincolnshire Co-operative’s butchery won nine awards at the Lincolnshire Poacher Competition.
Prescriptions dispensed in the Society’s 48 pharmacies rose by 4.3%, while sales in Lincolnshire Co-operative’s 13 travel branches climbed 7.2%.
The Society opened new food stores in Worksop, Washingborough, Holton le Clay, Dunholme and Holbeach, and is building five more in Newark, Long Bennington, Wragby, Gainsborough and Collingham.
Group trading surplus before payments to members increased by £1 million to £10.1 million in the period.
Lincolnshire Co-operative chief executive Ursula Lidbetter said: “We’re pleased to report a positive trading result and must thank our members and colleagues for their valued contribution.
“By working together we’ve attracted 10,000 new members and grown our sales and profits in nearly all areas of the business. This business success is what enables us to continue to reward members with dividend and provide important services and support for our communities.”
