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TERANG CO-OP SETS RECORD TURNOVER AND PROFIT
The Terang Co-operative Society has set a new record turnover of $31 million with a $1 million profit.
The Co-op has also reinvested more than $1.2 million worth of capital back into the business as it looks to continue growth into the future.
CEO Kevin Ford said the turnover was $6 million or 28 per cent higher than the previous financial year.
“Achieving a total turnover exceeding $31 million would have been a dream not so long ago,” Mr Ford said. The before tax $1,052,060 profit for the financial year ending on February 28 more than doubles the previous record of $440,101 set in 2013
TERANG CO-OP SETS RECORD TURNOVER AND PROFIT
The Terang Co-operative Society has set a new record turnover of $31 million with a $1 million profit.
The Co-op has also reinvested more than $1.2 million worth of capital back into the business as it looks to continue growth into the future.
CEO Kevin Ford said the turnover was $6 million or 28 per cent higher than the previous financial year.
“Achieving a total turnover exceeding $31 million would have been a dream not so long ago,” Mr Ford said. The before tax $1,052,060 profit for the financial year ending on February 28 more than doubles the previous record of $440,101 set in 2013