Martin Retail Shows Healthy Profit After Sale of Hospital Shops

The ScotsmanApril 11, 2010

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Summary


MARTIN Retail Group, which runs nearly 500 convenience stores and newsagents under the McColl's and RS McColl banners in Scotland, has posted a 30 per cent jump in profits after selling off its hospital- based shops.

Accounts newly-filed at Companies House revealed that pre-tax profits at the Glasgow-based firm - which is part of the Essex- based Martin McColl Retail Group - rose to GBP 19.5 million in the year to 29 November, compared with GBP 15.1m in 2008.

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Extract


Martin Retail Shows Healthy Profit After Sale of Hospital Shops

Profits were boosted by the sale of 16 hospital stores following a UK-wide review, w...

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