The EG Group has announced last quarter earnings of £370m ($478m) - an increase of 90% on a reported basis compared to the same period last year.

A statement by the Blackburn-based company today announced up to the nine month period year-to-date earnings of just over a £775m ($1bn) - an increase of 64% on a reported basis compared to the same period up to September 2019.

These financial highlights are unaudited and do not take into account interest payments, tax due, and depreciation.

With the recent resignation of Deloittes as their auditor the company announced the appointment of KPMG as its new auditor.

The statement said Deloitte will continue to serve as their auditor for their Australian business.

Grocery and merchandise gross profit increased by 45% on a reported basis compared to Q3 2019, and 4% on a like-for-like basis.

Food service gross profit increased by 79% on a reported basis, and 12% on a like-for-like basis.

Mohsin Issa CBE, co-founder and co-CEO of EG Group, said, “To deliver such a strong performance in the third quarter, resulting in a record quarter of profitability for the Group, is testament to the resilience and differentiation of our best-in-class, diversified business model.

“We are grateful to the thousands of our front-line colleagues who continue to provide an essential service to millions of customers in our global communities, including to thousands of healthcare workers and first-line responders.

“Looking ahead, while the impact of tightening lockdown restrictions in a number of markets is yet to be fully seen, EG Group is strongly positioned to weather these external challenges and continue driving long-term growth across our global business.”

The EG Group was founded in 2001 and has grown to 6,000 sites serving more than 23 million customers per week. The company now employs more than 44,000 people.