Scottish drinks business booms

07 January, 2011

Glasgow-based drinks retail chain G101 turned in an operating profit of £688,000 in the year to May 31, after posting profits of just £83,000 a year earlier.

The group improved its gross margin from 13% to 16% and net margins were up to 1.4% against 0.2% in 2008/9.

The directors’ report for the period, filed at Companies House, said: “The directors are pleased to report that the company has again increased its turnover and has achieved a more significant profit.

“The directors are determined to maintain this profitable growth in the coming years and are committed to further reinvestment of profits back into the company in order to achieve these aims.”?Total dividends of £320,338 were distributed to shareholders in the year to May 31.

G101 was founded in 1972 and operates 47 shops, almost all in and around Glasgow. It employs 375 people.

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