The society said all divisions had contributed to the encouraging figures which had been achieved despite the economic downturn.
A spokeswoman told the News: â€œLike for like food sales are up 8.4 per cent; own bought departments in our department stores are up 12.5 per cent, with furniture and carpets showing exceptional growth of 17.8 per cent.
â€œIn addition, funeral sales are up 21.6 per cent on a like for like basis and holiday bookings are up nine per cent. The strong like for like performance has lifted gross profit by 12.4 per cent resulting in a trading profit of Â£540,000 â€” up 40 per cent year on year.â€
The society had concentrated on re-branding its food shops during the half year and the results so far have exceeded expectations, said the spokeswoman.
Commented Mr Gudgeon (pictured): â€œI am naturally pleased to have achieved such a positive result, especially in these challenging times. I also think we are being rewarded for our carefully thought out business strategies and I pay tribute to my management team who have clearly executed the strategies well.â€