CWS farming profits plummet

05 May 1999

CWS farming profits plummet

BRITAINS largest farming operation, the agricultural arm of the Co-operative Wholesale Society (CWS), saw profits fall by more than a third to £1 million.

The lacklustre performance was bolstered by better performances from other divisions of the group.

Associated Co-operative Creameries, the milk, distribution and manufacturing arm lifted profits by £4.5m to £16.8m.

Operating profits for the group as a whole rose by £21m to £113m. Group turnover remained flat at £3.17bn (£3.14bn).

• The Times 05/05/02/99 page 31
  
• The Independent 05/05/02/99 page 17
• Financial Times 05/05/99 page 28
• The Guardian 05/05/99 page 25
  
• The Daily Telegraph 05/05/99 page 33
• The Herald 05/05/99 page 25