Nisa back in the black on eve of Sainsbury’s deal
Convenience store chain Nisa is back in the black on the eve of a £130m takeover by supermarket Sainsbury’s.
Nisa reported £2.8m pre-tax profits for the year to 2 April, compared to a loss of £5.4m in 2016, despite revenues dropping to £1.3bn, a decline of 2.6%.
Nisa said this was down to the demise of the My Local chain.
It was immediately hit by controversy, with nearly 300 head office staff saying they are being denied annual bonuses despite hitting performance targets, according to the Guardian.
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