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Co-op profits fall despite strong performance from food business

Overall, underlying operating profit increased by ยฃ14m to ยฃ97m in 2023.

Co-op has revealed its group annual pre-tax profits decreased to ยฃ28m for 2023, down from ยฃ268m the previous year, as the sale of its forecourt business and a challenging economic environment impacted performance.

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