The parent company of retail giant Spar in Northern Ireland has reported a turnover of £759m during 2017 - up 8.5% from £699m a year earlier.
The firm said that directors were very happy with the 3.7% growth in sales across all channels and formats "driven by strong performance in both ambient and fresh food categories, with both footfall and basket spend increasing in our supplied retailer stores".
Economist John Simpson said the group had been growing steadily for a number of years and could become a £1bn company.
"The prospect of reaching £1bn is still at a distance, but may happen," he said.
It was also monitoring the impact of Brexit. "The economic environment in which the group operates is expected to remain positive during the next 12 months," the report added.
"However, the future impact of Brexit on the local economy remains uncertain.
“The group is committed to taking a proactive approach by the establishment of a working group to look at the implications, risks and challenges that any changes Brexit may bring to the business and minimise any adverse impact."
