13 February 2016 | Online since 2003

NWF Group s trading in line with expectations



13 December 2012 15:02:12|Finance,Market Reports,News

NWF Group's trading 'in line with expectations'


Agricultural distribution company NWF Group has announced trading for the half year to 30 November 2012 as being 'in line with the board's expectations' and 'debt levels are lower than anticipated'.
Profit before taxation for the six months ended 30 November 2012 is anticipated to be ahead of the comparative period in the prior year.
Net debt is expected to be significantly lower than at the same point last year reflecting the result of more effective working capital management across the Group.
The Feeds division has traded ahead of expectations with the business effectively managing the significant increases and volatility of commodity prices by focusing on direct business with farmers.

Food has performed slightly behind expectations as the take-on of new customers is slower than planned and the activity level of existing customers has been lower than anticipated in a tough market environment.

The Fuels business has performed better than anticipated in the first half as a result of a return to more normal trading, increased demand for heating oil with the onset of some seasonal winter conditions, a lower cost base and rationalised tanker fleet.

Download





0 Comment


Name

Please enter your name


Email

Comment

Please enter your comment


Post Comment

Your comment submitted successfully.Please wait for admin approval.


Comments

No comments posted yet. Be the first to post a comment

World News

Greece | 12 February 2016
Government braces for farmers' descent on Athens

Hundreds of farmers from various parts of Greece are expected to descend on Athens on Friday to protest against planned increases to their tax and social security contributions but the government hope...


United Kingdom | 12 February 2016
Payments row Scottish government minister faces farmers

Scottish government rural affairs secretary Richard Lochhead is expected to face tough questions about payments to farmers later. The minister is due to address the NFU Scotland annual general meet...


Canada | 12 February 2016
Cage-free eggs have drawbacks says farm animal welfare expert

The push for cage-free eggs by fast food companies is not necessarily the best option, according to a farm animal welfare expert at the Atlantic Veterinary College. Michael Cockram at UPEI's Sir J...


France | 12 February 2016
France's Hollande says to cut farmers' payroll taxes

French President Francois Hollande said on Thursday that the government would reduce payroll taxes to help struggling farmers. Prime Minister Manuel Valls "will announce before February 17 a new de...


New Zealand | 12 February 2016
Sheep farmers look for answers to slow the decline

Sheep farmers can't seem to catch a break at the moment. Pat Deavoll delves deep into why sheep numbers have declined. The message is clear; the demise of sheep farming in South Canterbury reflects...



Trending Now

Viewed
Discussed

Farms and Land for sale


Holiday Rentals search



Top stories you may have missed
Username
Password