Sollio Cooperative Group closed the fiscal year with sales of $8.3 billion, up 10 percent from the previous year, and a loss of $18.7 million, compared to a surplus of $201 million in 2020. The company announced the figures at its 100th annual meeting last week.
Sollio’s retail division fared best of its three major segments thanks to a banner year for BMR. Demand for construction and renovation materials remained high, offsetting the impact of challenges ranging from supply chain pressures to rising container prices.
