23 October 1998

Tayside co-op turnover down

TAYSIDE co-op East of Scotland Farmers has reported a drop in turnover of more than 26% at £6.5m for the year to May 31. Operating profit at £157,000 was down 54% on the year. After finance charges, there was a pre-tax loss of £42,000 compared with a profit of £171,000 in the previous year. The strength of sterling and bad weather were given as the main reasons for the downturn. &#42