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NWF profit jumps 45% on higher fuel demand from farmers

By BFN News | 10:15 AM | Tuesday 31 July, 2018


NWF Group, which supplies feed stock, logistics services and heating oil to farmers, posted a 45% jump in annual profit after cold winter weather boosted demand for fuel. Pre-tax profit rose to £9.7m, as revenue climbed 9.9% to £611.0m. The company declared an annual dividend of 6.3p per share, up 5% on-year. Higher earnings in the fuel division were offset by lower earnings in the food division, which suffered from the loss of a key contract. 'Trading in the current financial year to date has been in line with our expectations,' chief executive Richard Whiting said. At 10:15am: (LON:NWF) NWF Group PLC share price was -2.5p at 195p Story provided by StockMarketWire.com

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