NWF Group PLC (LON:NWF) another record year, trading ahead and new long-term financing also secured
NWF Group, the specialist distributor set up in 1871 with an eclectic mix of activities, aimed originally at supplying farmers with food, feed and fuel recently announced the expectation of another record year for the Group with trading in the year ending 31st May 2010 ahead of market expectations.
May 2010 consensus is for pre-tax profit of £6.7m and earnings per share of 9.79p. The new financing secured from the Royal Bank of Scotland runs until October 2013, and is a total facility of £51m available at ‘similar costs to the previous existing facility.’ Along with this net debt has been reduced from the £19.3m at the end of last year, thanks to ‘prudent cash management’. The Group is made up of three divisions. These are; • Ambient Grocery Distribution (grocery distribution for retail businesses) • Manufacture and distribution of animal feed (Feed for all…