Booker increases sales and plans Indian C C

Booker has announced further sales growth and plans to open a cash and carry depot in Mumbai, India, by the end of the summer.
In the final quarter ending March 27, sales rose by 6.4% on the same period last year. Non-tobacco like-for-likes rose by 10.2%, while like-for-like tobacco sales increased by 1.2%.
Total sales in the 52 weeks to March 27 were up by 3.3% and total like-for-likes up by 2.8%. Like-for-like non-tobacco sales rose by 5.7%, while like-for-like tobacco sales declined by 1.5%.
It said net debt was cut to around £25m compared with £47m a year ago and profits remain in line with management expectations.
It also revealed that following a detailed review it has secured a site for a cash and carry in Mumbai, India, and it is planned for the site to be trading by the end of the summer.
Booker chief executive Charles Wilson said: “Booker continues to trade well, in spite of the economic environment. We look forward to serving the stores, food stalls and restaurants of Mumbai.”

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