13 Oct 2010

Farmlands posts record turnover

8:03 pm on 13 October 2010

Rural retailing cooperative Farmlands Trading Society has posted a record annual turnover and increased its rebate to members.

Chief executive Peter Ellis says turnover was more than $560 million, with growth in the retail side of the business a record 10%.

Mr Ellis says Farmlands plans to increase the number of retail stores in the North Island from 41 to 50 in the next 18 months.