UK convenience distributor Nisa Retail has posted a return to profitability with adjusted earnings of £7.3 million on sales of £1,309 million for the year 2015-2016.
The company reported that overall sales fell 3.8 per cent following the loss of Nisa's supply contract with retail chain Costcutter.
When adjusting for the contract loss, retail sales rose by 2.3 per cent, which was helped by strong performances in own-label and fresh produce along with new store openings.
The fresh category grew by 6 per cent to reach £210 million - or 16 per cent of total sales.
Meanwhile, Nisa's private-label range Heritage grew by 7.9 per cent to £119 million. With around 800 products in the range, it accounts for more than 9 per cent of overall sales.
The company gained 18 stores in the 2015/2016 year.
Nisa also reported sales were up 3.5 per cent in the first quarter of the current year.
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