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Insider UK
Insider UK
Business
John Glover

Scotmid Co-operative Society reports £10 million increase in its net assets helping strengthen its balance sheet

Scotmid Co-operative Society has reported it managed to improve its balance sheet despite the pandemic experiencing a £10m increase in its net assets taking it to £112.7m

The society reported a £5.7m trading profit for the 52 weeks ending on 29 January 2022 compared to £6.4m for 53 weeks last year.

It reported its turnover had decreased by £6m to £403m compared to the 53 weeks reporting period last year.

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