Nisa-Today's to pay record surplus

29/07/2010

Member owners of Nisa-Today's can expect a record trading surplus payment of £4.5m, as the retailers' group posted record annual turnover of nearly £1.5bn.
The payment, which is the highest ever in the company's 32-year history, is worth more than 1% of qualifying turnover to members trading through central distribution operations.
The Nisa Central Distribution Services division also crossed the 100m case mark for the first time, closing at 103.3m cases, 7.7% up.
Turnover touched £1.42bn for the year ending March 28, booking an increase of 11.9% in the performance of the Scunthorpe-based organisation compared to last year.
Neil Turton, chief executive of Nisa-Today's, said: "We've had a fantastic year through the support of our members. The surplus payment is intended to share that success and provide help in the tough trading environment."
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