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Retail group's profits jump by £2m

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Henderson Group's Paddy Doody, Sales and Marketing Director and Ron Whitten, Group Finance Director.



Photo by Aaron McCracken/Harrison Photography

Henderson Group's Paddy Doody, Sales and Marketing Director and Ron Whitten, Group Finance Director. Photo by Aaron McCracken/Harrison Photography

Henderson Group's Paddy Doody, Sales and Marketing Director and Ron Whitten, Group Finance Director. Photo by Aaron McCracken/Harrison Photography

One of Northern Ireland's biggest retailers and the operator of Spar and Vivo has reported a £2m ramp up in profit over the last year.

Henderson Group NI made pre-tax profits of £15.6m in 2012, up from £13.6m in 2011, and also posted a 6% rise in turnover to £620m.

The family-run company employs 2,495 people across Northern Ireland and was 14th in the Belfast Telegraph Top 100 Companies 2013 list.

The Mallusk-based group owns the Spar, Eurospar, Vivo, Vivoxtra, and Vivo Essentials franchises in Northern Ireland, and supplies to over 400 stores.

It also reinvested nearly £8m during the year back into the company and said it plans to invest a further £11m in 2013.

And its wholesale arm also performed well.

Henderson Foodservice experienced a 22% sales increase in 2012, 10% of which relates to sales from the exclusive Country Range acquisition in the Republic.

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The division invested £14m in a central distribution centre in Newtownabbey, now home to Henderson Foodservice's operations.

Paddy Doody, sales and marketing director, said the results are down to hard work:

"Experiencing growth of any sort in these stringent economic times is testament to the commitment of our retail partners, our work force, continued investment, training and innovation."

Group finance director Ron Whitten said flexibility has helped boost the company's performance:

"This is a welcome result after a slight dip last year, due both to our continued focus on operational efficiency as well as the growth in headline turnover.

Current figures show that the strong value-driven customer proposition the company embarked on at the start of the downturn in response to changing consumer trends has paid off."

In 2012, the group opened 10 new stores.

Earlier this year, a new Spar on the Knock dual carriageway opened.


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