NWF revenue up 30% to £878m as commodities climb

Chesire-based NWF Group plc, the business that delivers fuel, food and agricultural feeds across the UK, announced that its revenue increased 30% to £878.6 million in the year to May 31 amid “significantly higher commodity prices in fuels and feeds.”

Profit before taxation increased by £1.2 million to £12.0 million and proposed full year dividend per share increased by 4.2% to 7.5p “which reflects the strong performance and the board’s confidence in the prospects of the business.”

NWF Group CEO Richard Whiting said: “NWF has delivered a record set of results, significantly ahead of the market expectations at the start of our financial year.

“It has been delivered by focusing on service to our customers across the country and our teams responding effectively to unprecedented volatility in cost inputs and issues of supply availability. 

“Oil and feed commodities were particularly impacted in our final quarter, as a consequence of the conflict in Ukraine.

“The group has established a strong track record of resilience and performance and we are excited by the opportunities across the group to continue our development.”

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