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NWF Group's H1 pretax profit slips

By BFN News | 07:57 AM | Tuesday 03 February, 2015


NWF Group's H1 pretax profit slipped to £2.1m, from £2.9m a year ago. Revenue was £247.1m, from £259.1m. It proposed an interim dividend of 1p, unchanged on the year. Chairman Mark Hudson said: "NWF has delivered a solid result against a record performance for the comparative period in the prior year. The Feeds business managed the challenges of significant falls in commodities and milk prices and opened a new feed facility in Dumfries to support customers in Scotland and the North of England. "Our Food business performed well, benefiting from the continued focus on operational efficiency at the Wardle site. The Fuels business successfully offset the warm weather with additional sales of gas oil whilst profitability was not negatively impacted by the fall in oil prices. A new depot was opened in Mansfield which has storage to support commercial and domestic business." Story provided by StockMarketWire.com

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