NWF Group plc (AIM:NWF) – tough year results in lower profit expectations but improved net debt
The AIM quoted specialist agricultural and distribution business has announced that profit before tax for the half-year to 30 November 2014 is anticipated to be lower than the record results of the comparative period in the prior year (Revenue £538m, net income £5.3m)
Falls in commodity prices have impacted margins in the Group’s feeds business which were also impacted by the announcement of reductions in milk prices across the UK.
Although the fall in the oil price has impacted revenue, profitability in the fuels business has not been adversely affected. Additional sales of premium products have helped mitigate the impact of the mild weather.
NWF is very well established and offers an unusual…
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