NWF Group PLC - Nantwich, England-based agricultural feed, food and fuel distributor - Trading in the latter part of the six months ended November 30 has remained strong, leading to expectations that results for the period will be significantly ahead of the prior year.
The performance will provide a solid platform for the third quarter, and gives confidence for the company delivering its annual expectations.
In addition, Senior Independent Non-Executive Director David Downie will become chair with effect at the company's annual general meeting in 2022, replacing Philip Acton following the completion of nine years of service.
"We have delivered a very strong first half performance, despite volatile market demand and significant inflationary pressures. The group has been able to retain labour and drivers, ensuring we have continued to service our customers' needs. Both Fuels and Food have delivered significant year on year growth in the first half, more than offsetting a weaker Feeds result and we enter our seasonally busier second half with good momentum," says Chief Executive Richard Whiting.
Current stock price: 213.00 pence
Year-to-date change: up 9.2%
By Dayo Laniyan; dayolaniyan@alliancenews.com
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Nwf (NWF)