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Corporate Responsibility

…e continue to report on direct Greenhouse Gas (GHG) emissions in two ways: net emissions (that treat electricity from renewables as zero carbon emissions) and gross emissions (that treat electricity from renewables in the same way as ‘brown’ electricity). GHG includes carbon dioxide (CO2), methane (CH4) and nitrous oxide (N2O). Carbon dioxide emissions are produced as a direct result of burning fossil fuels. The gross emissions, which includes all…

Annual Results 2013

…13). • Scotmid delivers stronger performance in second half of the year. • Net assets remain strong at £94m • Net Debt Reduced Scotmid Co-operative delivered a £6m operating profit (for the year ended 26thJanuary, 2013) following a good second half performance buoyed by strong trading over the Christmas period. In what is still an extremely challenging market there was a small increase in total turnover to £428m and positive underlying profits fro…

Continuous Improvement Drives Positive Scotmid Results

…rate its 160-year anniversary in November, also confirmed the value of its net assets had risen to its highest ever level. John Brodie, Chief Executive of Scotmid Co-operative said: “This strong result was achieved through the implementation of a range of continuous improvement initiatives and was boosted by the hottest summer in 40 years, all while operating with the background of a lacklustre economy, Brexit uncertainty and the cumulative burden…

Stronger Second Half Moves Scotmid Ahead

…r reduce but we recorded a notable strengthening of our balance sheet with net assets now in excess of £91m. “In the year ending January 2016, the Scottish Retail Consortium reported average like for like sales down 2.4% reflecting factors such as low consumer confidence, price deflation and poor summer weather. The Society’s retail businesses consistently out-performed the market in 2015 with successful implementation of our new Semichem strategy…

Co-operative approach lifts Scotmid results during the pandemic

…January 2021 Turnover increased by £24m to £409m Strong balance sheet with net assets of £103m Innovation benefit but significant additional COVID 19 costs Colleagues supported our communities magnificently throughout the crisis Co-operative response with community groups and charities   Through co-operation and innovation, Scotmid Co-op Society has delivered a £6.4m trading profit for the 53 weeks ended 30th January 2021 compared to £5.6m fo…

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