The convenience store group, whose profits were hit by the collapse of Palmer & Harvey last year, recoded a 91% drop in pre-tax profit to £200,000 in the 26 weeks to May 26.

The retail group recorded a 19% fall in adjusted EBITDA to £13m, while total revenue inched up 0.1% to £611.1m, bolstered by a 1% rise in like-for-like sales.

McColl’s adjusted group margin during the period was 25.4%, compared to 26.1% the previous year.