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Booker profits rise

Cash & Carry operator Booker Group has said total sales were up 6.5 per cent to £3.4bn in the year to 26th March

CITY & CORPORATE

Booker profits rise

Cash & Carry operator Booker Group has said total sales were up 6.5 per cent to £3.4bn in the year to 26th March

Operating profit for the period was up 15.2% to £66.6m (2009: £57.8m).Sales to caterers rose 9.1% (2009: 7%) and sales to retailers were up 5.3% (2009: +1%).Operating profit for the period was up 15.2% to £66.6m (2009: £57.8m).

Charles Wilson, CEO, said: 'Our plan to focus, drive and broaden Booker continues to make good progress. By improving the choice, price and service we offer to the 431,000 businesses we serve, Booker has helped customers to prosper in a difficult economic environment. This has helped us grow sales by 6.5% and operating profits by 15%, whilst eliminating net debt.

'Successful independent retailers, pubs, nursing homes and cafes are crucial to communities throughout the UK and we look forward to continuing to serve these customers in the year ahead. While the outlook for the economy remains challenging, we are confident that Booker will continue to make progress by helping our customers to thrive.'

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