BOUCHERVILLE, Que. ― Sollio Cooperative Group (formerly La Coop fédérée) reported a record $7.282 billion in consolidated sales in 2019, up $766 million from the previous year. Earnings before refunds and taxes were $79.4 million, a decline from previous years as global geopolitical and trade tensions marked 2019.
BMR Group, Sollio’s retail division, posted annual earnings of $16.7 million, down slightly from $16.9 million last year. Tighter controls and more advantageous trade agreements were tempered by an increase in some operating expenses. These included transportation costs (the result of a labour shortage) as well as storage costs due to a need for additional space.
