UWG Posts 49% Profit Gain for 2006

LOS ANGELES -- Unified Western Grocers here yesterday said its net income for the fiscal year that ended Sept. 30 increased 49%, to $16.1 million, on revenue growth of 3%, to $2.95 billion. The cooperative wholesaler attributed the growth to new stores opened by its members, and continued sales growth in perishables and specialty products divisions. “Looking ahead, we believe that our retail members are well-positioned to capitalize on new opportunities in the marketplace and will continue to expand and grow their businesses by differentiating themselves from other retail competitors,” said Alfred Plamann, president and chief executive officer.