Central England Co-op announces positive interim results

Central England Co-op has published its half results and detailed the impact its performance has had on the communities it serves.

The retailer, which operates over 400 food, funeral and floral sites across 16 counties, has outlined positive half year results to 7 August 2021 and the major benefits for local communities this brings in line with their Purpose of ‘Creating a sustainable Society for all’.

Financial highlights include:
• Gross sales of £477.9m, up by 4.3% on a comparative period of £487.3m in 2020 and £458.1m in 2019
• Trading profit of £15.7m, up £4.4m on a comparative period of £19.3m in 2020 and £11.4m in 2019
• Capital expenditure of £7.7m saw two new food stores and 23 refurbishments during the past six months, with more planned in the coming second half of the year
• Members, colleagues and communities benefited from the success of the Society’s performance by sharing in a £2.1m dividend pay-out

Community highlights include:
• 86 good causes and charities shared £84k from its Community Dividend Fund
• Ongoing partnerships with FareShare Midlands and over 65 local food banks meant hundreds of thousands of meals for children who might otherwise go without and thousands of vital emergency food parcels for families
• Pledging over £350k with charity Groundwork as part of an ambitious project to create sustainable spaces on Co-op land for the local community.