Make your money go further for just 25p per day

NWF Group (AIM:NWF) cracking trading update from the distributor of animal feed

16/05/2013 · NWF Group (NWF) 

The specialist agricultural and distribution business (it’s a strange old mix of activities) announced strong trading in the winter and early spring months with the result that the outcome for the financial year will be significantly ahead of current market expectations – prior to the update consensus estimates were for pre-tax profit of £6.49m and eps of 10.17p.

The Group’s Feeds division, NWF Agriculture (http://www.nwf.co.uk/about_us/feeds/ ), feeds one in seven dairy cows in Britain and has continued to trade strongly. The late turn out of dairy herds has caused an increase in demand for feed in combination with a sharp increase in the market demand for sheep feed.

Contrastingly trading conditions in the Food division (Boughey Distribution http://www.nwf.co.uk/about_us/food ) continue to be difficult. Boughey Distribution is a…

Sign up and read the full article

Register to continue reading our content.

Get FREE access now

Already a member? Login


Previous article Next article

DON'T MISS OUT!

Get top investment ideas to help safeguard and grow your wealth.

Invaluable insight from the exciting world of smaller companies.

REGISTER FREE

DON'T MISS OUT ON OUR PREMIUM CONTENT

Become a champion investor for just £90 a year. Benefit from our high performing portfolios:

START FREE TRIAL

More on NWF Group

Big dividend appeal | More upgrades

09/06/2023 · Company Insights

Positive trading updates brought upgrades for two companies covered here while another offers a well-covered 6%+…


Upgrades and a big dividend payer

09/03/2023 · Company Insights

Results and updates from AIM covered here include excellent trading updates from two low profile businesses.…


More Company Insights

Bonkers Bargains: new team, new plan and firmer footing

09/07/2024 · Argentex Group PLC

Sign-up to our free email updates

SIGN UP