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HOK-Elanto reports 35 million EUR profit

HOK-Elanto, S-groups largest regional co-operative, operating in the Greater Helsinki area with 300 stores, reports a 35,4 million EUR profit in 2014.

HOK-Elanto Group’s profit before extraordinary items and taxes was increased in 2014 to 35.4 million EUR (22.2 million).

Operating profit last year was 25.3 million (25.8 million).

Department store operations remained a loss, as well as service station and fuel trade performance, although the latter’s loss, but also net sales, decreased. Also, sales in department stores, fell by 11 percent to 67.3 million EUR.

According to HOK-Elanto, the Group’s profit improvement was due to good cost control. Net sales for the Group amounted to 1.2 per cent less than a year ago, a total of 1,894 million euros.

 

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