NWF Group hampered by fuel and food
Full year figures from NWF Group, the specialist agricultural and distribution business, were in line with expectations as the firm suffered a sharp fall in profits.
Full year figures from NWF Group, the specialist agricultural and distribution business, were in line with expectations as the firm suffered a sharp fall in profits.
Revenue was up 16.5% to £540.2m but pre-tax profits took a dive from £7.6m to £5.1m.
Basic earnings per share down 29.6% to 8.1p and the full year dividend was maintained at 4.5p per share.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The firm saw falls in both its feeds and fuels divisions.
Feeds showed an operating profit of £2.7m, compared to £4m the year before, while fuels came in at £0.6m, down from £3.3m in 2011.
The firm said feeds were hit by volatility of commodity prices and the high prices impacting farmers.
Meanwhile fuels suffered from an extremely warm winter, high oil prices and a tough economic environment.
"NWF has delivered a profit in line with the Board's expectations and has been successful in reducing debt further than had been expected," said Chief Executive Richard Whiting.
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
The worst London boroughs to sell a second home as investors face £16k capital gains tax bill
Property investors selling up in London are benefiting from a decade’s worth of house price rises, but for many it’s resulting in higher capital gains tax bills
-
UK to have highest inflation among advanced economies this year and next, says IMF
The International Monetary Fund (IMF) says it expects inflation to remain high in the UK, while lowering economic growth forecasts for 2026.