Scot co-op out of red

2 November 2001

Scot co-op out of red

EAST of Scotland Farmers, the 300-member farmers co-operative based in Coupar Angus, Perthshire, returned a profit of £54,000 for the year ending May 2001. This follows a loss of £68,000 the previous year. The turnaround in fortunes is attributed to an increase of 3000 tonnes to a record 45,000 tonnes of grain traded. Turnover for 2000/01 was £7.3m, up £900,000 on the year. Directors have recommended that share and loan interest be paid out at 6% and 5% respectively. &#42