NWF achieves record

Distribution business NWF says that its figures for the year to May 2010 will be ahead of expectations. Management says that it will be a record year for the group. House broker Charles Stanley was forecasting a profit of £6.1m for this year. The food distribution business will produce a record result thanks to improved efficiency, while feeds trading has improved in the second half. Fuels has benefited from the cold winter weather. Net debt has been cut from the £19.3m at the end of the previous year. NWF has secured a new £51m facility with the Royal Bank of Scotland. This is at a similar cost to the existing facility and it lasts until October 2013. Nwf