Red River Co-op sends cheques to members, average amount $140.22

Cheques are on their way to Red River Co-op members, says a news release issued by the co-op on Friday.

Members can expect to receive their cheques as early as Friday, news release says

Red River Co-op members can expect rebate cheques as early as Friday.

Cheques are on their way to Red River Co-op members, says a news release issued by the co-op on Friday.

Members will receive a 6.25 per cent rebate on fuel purchases — about six cents per litre, based on an average regular unleaded retail pump price of 96 cents per litre. 

The average cheque will be $140.22, the news release said, and members can expect to receive them as early as Friday.

A rebate of five per cent of pharmacy purchases and two per cent of food purchases will also be included in the cheques.

The cheques come following 2015 year-end results that include more than $578 million in annual sales and $33 million in net profits.

The co-op is issuing 234,698 member cheques worth a total of $32 million, the news release said.

Red River Co-op is expanding, with a new cardlock opening on Dugald Road in Winnipeg in March, and later in the spring, construction is expected to begin on a new gas bar, convenience store and car wash on Ness Avenue, the news release said.

Red River Co-op is a member-owned business that runs gas stations and grocery stores in Manitoba and western Ontario. The co-op shares profits with members in the form of annual rebate cheques.

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