Agri-Shop Ltd
Farminguk
30 July 2016 | Online since 2003
Scrutton Bland


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

loginuserlogo
Name

Please enter your name


Email

Please enter your email

Please enter valid email


Comment

Please enter your comment


Post Comment

Your comment has been submitted successfully. Please wait for admin approval.


Comments

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


New Zealand | 29 July 2016
Robbery at the Kensington Avenue dairy - Waihi

At 12.50pm today, Thursday 28 July, a man entered the Kensington Avenue dairy in Waihi armed with what appeared to be a pistol. He is described as Maori or Polynesian of solid build who was wearing a ...


France | 29 July 2016
French plans for origin labelling slammed by dairy and meat processors

France is to trial mandatory country of origin labelling for two years. Dairy and meat processors have heavily criticised plans to introduce origin labelling in France. EU Health Commissioner Vy...


Canada | 29 July 2016
Canadians given go-ahead to buy another dairy farm

Canadians are continuing to buy into New Zealand dairy farming with the purchase of a property in the Maniototo, Otago. Last year a report by KPMG showed Canadian investors were the biggest foreign...


Uganda | 29 July 2016
Will tax cuts on agriculture machinery spur sector?

To encourage more people to get into agribusiness, government in the financial year that started on July 1st decided to strike down 18% Value Added Tax (VAT) on the supply of machinery used for the pr...


USA | 29 July 2016
Scientists call for increased federal investment in sustainable agriculture

Based on a new analysis of federal funding from the US Department of Agriculture, researchers say there is an urgent need for increased investment in research and development aimed at making sustainab...



Trending Now

Viewed
Discussed


Top stories you may have missed
closeicon
Username
Password