Saskatoon, Canada, 2015-9-15 — /EPR Retail News/ — Federated Co-operatives Limited (FCL) has retained its spot at the top of SaskBusiness Magazine’s 2015 list of the Top 100 largest companies in Saskatchewan.
It’s the third year in a row that FCL has placed first in the rankings. In 2014, FCL revenue rose 15 per cent to a record $10.8 billion. Net earnings from operations totalled $656 million. Of that, $451 million was returned to local retail co-ops in patronage allocations.
“This year has not been without its challenges, yet FCL and the Co-operative Retailing System (CRS) continue to build for the long-term,” said FCL CEO Scott Banda. “Our performance is driven by the partnership with our member owners, those local co-ops that, along with FCL, make up the CRS. Our Federation is part of what makes us unique — a partnership based on co-operation, a commitment to the communities we serve and shared profits.”
FCL is joined on this year’s list by 19 retail co-operatives. Together, the retail co-ops included in theSaskBusiness list recorded combined sales of more than $2.3 billion in 2014.
FCL is a Saskatoon-based company owned by 210 retail co-operatives that span Western Canada, employing more than 3,300 people. FCL has two wholly owned subsidiaries — the Co-op Refinery Complex in Regina, Sask., and The Grocery People in Edmonton, Alta.
|1||Federated Co-operatives Limited||Saskatoon|
|22||Saskatoon Co-operative Association||Saskatoon|
|31||Pioneer Co-operative Association||Swift Current|
|35||Sherwood Co-operative Association||Regina|
|36||Prince Albert Co-operative Association||Prince Albert|
|48||Lloydminster & District Co-operative Association||Lloydminster|
|61||Discovery Co-operative Association||North Battleford|
|63||Yorkton Co-operative Association||Yorkton|
|70||Prairie Sky Co-operative Association||Weyburn|
|71||Moose Jaw Co-operative Association||Moose Jaw|
|81||Southern Plains Co-operative Association||Estevan|
|82||Prairie North Co-operative Association||Melfort|
|84||Kindersley & District Co-operative Association||Kindersley|
|85||Pineland Co-operative Association||Nipawin|
|86||Delta Co-operative Association||Unity|
|90||Meadow Lake Co-operative Association||Meadow Lake|
|92||Central Plains Co-operative Association||Rosetown|
|98||Borderland Co-operative Association||Moosomin|
|99||Southland Co-operative Association||Assiniboia|
|100||Prairie Co-operative Association||Melville|