Growth across the business saw Lincolnshire Co-op announce strong half year results, with sales and profit up.
During the first half of the society’s financial year (September 2015 to February 2016), sales rose to £146.8m (2014/15: £143m in the same period), with Food store sales growing by 6.6% and the society’s own bakers, Gadsby’s, recording a 7.8% increase.
The number of prescriptions issued by Lincolnshire’s pharmacies was up by 4.7%, and growth was also recorded in its Travel and Funeral divisions. The society’s Post Offices branches carried out more than 2.4 million transactions during the period.
Success across the divisions saw the group trading surplus for the period increase to £10m (2014/15: £9.6m). An employee profit share equivalent to 80% of a week’s wage has been paid to staff, and this half-year £145,000 was given to 169 groups through the Community Champions scheme, including over £51,000 raised by the carrier bag levy.
“Our team works hard to make Lincolnshire Co-op a successful business – providing excellent service, value for money and great offers in outlets conveniently located where our members and customers live and work,” said chief executive Ursula Lidbetter.
“Our colleagues’ efforts enable us to record a strong result, which in turn means we can pay our members dividend, share our profits with the community and invest in our services, as well as wider schemes to benefit the local area.
“We’re looking forward to keeping up the good work and we hope to have more positive news to share at the end of our financial year.”