NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Anticipates results for the year ending May 31 to be significantly ahead of its revised expectations. Credits the performance to its Fuels business, which benefitted from the short-term volatility in oil prices and a supply-constrained UK fuel market.
NWF already upgraded its expectations for financial 2022 earlier this month. The company did give any hard forecast figures in either releases.
In financial 2021, the company reported a pretax profit of GBP10.8 million on revenue of GBP675.6 million.
Current stock price: 234.53 pence, up 5.2% on Thursday
12-month change: up 8.1%
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Nwf (NWF)