UK: FY sales, profits up at retailer Booker
- FY sales, profits up
- Period excludes Makro, which was cleared in April
- Premier c-store sales up 11%
Booker's results do not include acquisition of Makro, which was only cleared last month
UK wholesale and c-store retailer Booker today (23 May) reported higher annual sales and profits.
Booker posted a 12% increase in profit after tax to GBP83.1m (US$125.3m) for the 52 weeks to 29 March.
Total sales were up 3.5% at GBP4bn on the back of a 3.3% gain in like-for-like sales.
The results were compared against 52 weeks of Booker's previous financial year, which comprised 53 weeks.
Last year, Booker agreed a deal to buy Metro Group's UK Makro cash-and-carry business. The transaction was referred to UK comeptition authorities and was cleared last month, which meant the figures do not include any contribution from the newly-acquired business.
Booker's results included an 11% increase in sales from its UK c-store banner Premier. The company has over 2,800 Premier outlets. The business also has 185 Happy Shopper symbol stores in India.
Click here for the full stock exchange announcement from Booker.
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