High Street
Co-op FY profits soar sixfold but warns of cost pressures ahead
The surge in profits was driven by increased operating profits, which rose by £34m to £131m, as well as improved Funeralcare plan investment returns
Co-op has seen its full-year pre-tax profits rise by nearly sixfold, soaring by £133m to £161m, up from £28m the prior year, despite facing over £200m of new headwinds and investment costs across the group.The surge in profits was driven by increased operating profits, which rose by £34m to £131m, as well as improved Funeralcare plan investment returns.
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