Nisa Today's to make £5 million payment to members
Nisa-Todays has announced that it will make its largest ever payment of £5 million to the groups members following record performance in sales and volume.
The company achieved a turnover in excess of £1.5 billion and volumes of 108.4 million cases for the year. The payment will take the form of surplus and dividend payments.
Nisa said that the surplus distribution to the group’s members, which totals £4.5 million, will repay the support and loyalty shown to Nisa-Today’s through its Central Distribution Service. The dividend payment, totalling approximately £500,000, equates to £8 per share and will reward members for their shareholding and act as encouragement for members that do not currently own 100 shares to take the maximum shareholding.
Neil Turton, chief executive officer of Nisa-Today’s commented: “We’ve had another fantastic year, reaching a number of milestones for the business, none of which would have been possible without the support of our members. The payment of surplus and dividends, we hope, demonstrates our appreciation of that support and our on-going commitment to creating benefits for our members.”
Nisa said the main factors driving its growth have been the on-going success of the group’s New Era (NETT) and New Era Gold packages, the growth of Nisa symbol stores which now stand at over 800, boosted by the group’s first national television advertising campaign, and strong retail recruitment figures of 190 new members and 445 new stores in the last financial year.
Neil Turton added: “The fact we operate on a low profit margin which is passed back to our membership, demonstrates our unique focus on creating benefits to members rather than to the central business or profits for external shareholders.”
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