Isle of Man retailer Shoprite surged back into the black in the first half, reporting an operating profit of £363,000 compared to an operating loss of £28,000 for the same period last year.

Sales in the 28 weeks to July 12 (excluding concessions) were up 2.3% to £31.1m against a background of zero grocery price inflation, said chairman Deryck Nicholson.

The company, which has applied to switch from the London Stock Exchange to AIM, said growth at its eight food stores and wine warehouse was
being driven by its ClubMANN frequent shopper loyalty programme, and an enhanced product range with an emphasis on fresh.

Work on a new build 12,500 sq ft store in Onchan, would start before the end of the year.