New Covent Garden Market released its annual report and accounts last week, showing promising growth for 2006-07.
Market trade has increased by seven per cent to £560 million.
Total income for the Covent Garden Market Authority (CGMA) is up by 17 per cent to £1.9m but, with rising costs, profit on ordinary activities was £0.54m.
Occupancy rose to 92 per cent and office occupancy to 53 per cent.
The comprehensive redevelopment of the market is still underway.
CGMA chairman Baroness Brenda Dean said: “I welcome these results, which confirm the positive impact of the changes introduced by the chief executive. The full redevelopment of the market will not be achieved overnight but is an essential requirement to ensure that the businesses resident in the market, and dependent upon it, prosper in the coming years. By doing this, we can ensure that New Covent Garden Market is the market of first choice because of the service our tenants provide to their customers and the quality of the products available.”
