UK: Booker sees profits lift

By: just-food.com | 9 October 2008

UK wholesaler Booker has seen pre-tax profit jump 28.6% to GBP26.5m (US$46m) during the first half of its fiscal year.

The company posted a 2.1% increase in total sales during the half ended 12 September, climbing to GBP1.5bn. Booker is continuing to "drive" sales by offering "choice up, prices down and better service", the company claimed.

"Group turnover in the first period of the second half is ahead of the same period last year. Inventory levels and costs are in line with plan. Overall, Booker Group continues to trade in line with management expectations," the company said in a statement this morning (9 October).

Sectors: Retail