NWF Group confident in achieving full-year expectations
Updated : 14:15
Specialist agricultural and distribution business NWF Group updated the market on its trading for the half year to 30 November on Tuesday, reporting that it was ahead of the prior year with the board retaining confidence in delivering full-year expectations.
The AIM-traded firm said net debt was also lower than at the same time last year.
In the feeds division, performance improved as planned with the benefits of previous capital investment being delivered, alongside a recovering dairy market due to higher milk prices, it explained.
Its food division, meanwhile, continued to focus on securing additional customers to fully utilise the Wardle facility.
“Whilst this is underway first half performance has been below last year, as expected,” NWF’s board explained in its statement.
“Outbound load demand has been robust through the period.”
The fuels division performed as planned and ahead of last year, growing volumes and increasing diesel and gas oil sales to offset the normal lower levels of demand for heating oil in the summer and autumn.
NWF also confirmed it would announce its results for the half year to 30 November on 30 January.