EAST of England Co-op, the UK's fourth largest independent society, has boosted its trading profit by five per cent to more than £ 9 million.
New stores, acquisitions, refurbishments and extensions have each been a feature of the period under review as the society's £ 40 million development programme continues. Assets are at a new record level of £ 240 million for the year ended January 27th.
In the first full financial year since the merger between Ipswich & Norwich and Colchester & East Essex societies created East of England Society, a dividend of £ 4 million has been allocated to members.
The society say this equates to more than double the 'reward' offered by typical customer loyalty schemes operated by major food retailers.