H1 revenue hits £330m at feed and fuel firm NWF

Chesire-based NWF Group plc, the agricultural and distribution business that delivers feed, food and fuel across the UK, said on Tuesday half year revenue for the period ended November 30, 2018, rose 11.7% to £330.5 million but pre-tax profit was unchanged at £1.9 million.

NWF Group CEO Richard Whiting said: “NWF has delivered profit improvement in line with our expectations in the first half year with each of the divisions performing as planned.

“The profit recovery in food and the strong performance of feeds over the summer are of particular note.

“It was pleasing to report delivery on our strategy with the acquisition of Midland Fuel Oil Supplies after the period end.

“Current trading is in line with the board’s expectations for the full financial year.”