Costcutter Supermarkets Group has posted a 4% year-on-year increase in sales in the first six months of 2012 and added another 112 new accounts including 14 forecourts.

In addition, the symbol group has a further 41 pending accounts, which will begin trading imminently. Supply deals with several large groups are also due to commence in the coming weeks, along with a series of smaller acquisition targets identified to boost the company-owned store portfolio.

Nick Ivel, chief executive of Costcutter Supermarkets, said: "Despite continuing to operate in a tough economy, Costcutter has continued its year-on-year growth. These latest performance figures underline the excellent work being done by our retailers and everyone within the business.

"Retailer recruitment is buoyant," he added. "We are seeing more and more independent retailers joining a symbol group for the first time and recruitment from our rivals is also increasing."

The launch of Costcutter’s three-fascia strategy has also proved successful with store openings well ahead of target. And the Rhythm & Booze franchise, which is currently being trialled but will roll out soon, is hoped to set the standard for independent off licences. Costcutter will open its sixth Kwiksave this month. The target was to have 12 by Christmas, but the company is now on course to have 20.