FCL Has Strong Earnings

Federated Co-operatives Limited (FCL) had revenue of $9.1 billion for its fiscal year ending October 31, up from revenue of $7.9 billion in fiscal 2020. Earnings for the year were $495 million, up from $177 million in 2020. From these earnings, FCL will return $353.5 million to local Co-ops across western Canada. The co-op experienced a record year for sales in fertilizer, crop protection, seed, and home and building solutions business lines, with strong performances in food and energy. It also announced its emission targets, committing to reduce greenhouse gas emissions by 40 per cent below 2015 levels by 2030, while also aspiring to achieve net-zero emissions by 2050.