Shares in UK wholesale retailer Booker rose this morning (14 October) after the company posted a 24% jump in half-year profits.
Booker’s stock was up 2.8% at 51.2p at 09:37 this morning following the group’s announcement of its first-half results.
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Booker said its pre-tax profits increased 24.2% to GBP36.9m (US$59.2m) during the 24 weeks to 10 September. Operating profit was up 13.6% at GBP39.2m.
Total sales climbed 5.5% to GBP1.7bn on the back of a 5.3% rise in like-for-like sales.
Chief executive Charles Wilson: “Booker is helping more customers compete by improving our choice, prices and service. Our sales growth is good and our plans to broaden the business are progressing well.”
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Meanwhile, Booker announced the acquisitions of fine-foods supplier Ritter-Courivaud and drinks wholesaler Classic Drinks.
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By GlobalDataBooker said it had paid GBP14.5m for Ritter, which supplies the horeca sector, and GBP4m for Classic Drinks, which serves pubs and clubs.
