UK cash-and-carry group Booker has recorded an increase in full-year profits, boosted by “strong” Internet sales.
For the 52 weeks ended 26 March, profit before tax increased 21.2% to reach GBP57.2m (US$82.2m). Profit after tax amounted to GBP47.6m, a 21.4% increase on last year. Operating profit amounted to GBP66.6m, a 15.2% on the prior year.
Charles Wilson, chief executive of Booker, said: “Internet sales have again grown strongly, while Booker Direct has had another good year with more contract wins. The opening of our first store in India has been successful and we plan to open a further two stores in the year ahead.”
Booker said it expects the economy to remain “difficult” in the year ahead and the food wholesale market to remain “very competitive”.