Sollio Cooperative Group ended its 2024 fiscal year with a net surplus of $270.7 million, up 135 percent from $115.4 million in 2023. The parent of BMR Group unveiled results at its annual general meeting this week.
Sales however fell by almost $500 million to $7.8 billion from $8.3 billion the previous year. Falling grain prices in particular contributed to the decline. BMR Group showed “a cautious recovery,” Sollio said. Its net surplus of $30.5 million was down by just $4 million, despite all-time low housing starts early in the year.
