Nisa Distributes £500k to members

11/08/2008

Nisa-Today’s has announced that next month, it will pay £500,000 surplus to its members.  The news follows impressive profits generated predominantly through the group‘s Central Distribution arm due to continuing member support.

The audited accounts for the group in respect of year ending 30th March 2008, show record turnover of £1.142 billion up from £1.080 billion in the previous year and profit on ordinary activities before taxation of £3.1million, up from £1.9 million.

John Schofield, chief financial officer for Nisa-Today’s said: “This is a positive performance for the year in light of the marketplace and current economic climate.  We are pleased to be able to reward our members in this way for their commitment to the group over the past few years.”

It is the first time since 2005 that Nisa-Today’s has paid a surplus to members – which they will receive by cheque week commencing 1st September - following three years of significant investment in IT and warehousing.

Neil Turton, chief executive officer added: “This is a sign that the business is functioning very well and returning to normal after the considerable investment we have made in recent years to build assets for the future.”

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