August 21, 2008
The S Group’s sales show good growth; earnings lower than a year ago
The S Group’s retail sales grew by 13 per cent in January–June, but higher capital expenditures on business locations, coupled with smaller capital gains on disposals than a year ago, led to a decline in the S Group’s earnings year-on-year. Profit before extraordinary items in January–June was EUR 122 million, compared with EUR 162.9 million a year earlier. In the first half of the year, the cooperative enterprises gained 47,400 new customer-owners. Total bonuses paid to customer-owners grew by 21 per cent on the same period a year earlier, rising to EUR 147 million.
