NWF Group eyes improved half-year performance

- Half-year profit expected to be higher than previous year- Solid performances across its divisions- Trading in line with company expectationsAgricultural and distribution business NWF Group said half-year pre-tax profit is expected to be ahead of the prior year after solid performances across its main divisions.The Feeds division traded well in the first half to November 30th, it said. NWF, which recently acquired feed producer SC Feeds, said farmers experienced better silage production than in the prior year and benefited from improved milk prices.Food performed as planned and in addition long-term contracts have been signed with major customers, underpinning the business' future volumes.Elsewhere, the Fuels division put in a solid performance in the first half with a focus on commercial business during a period of lower demand for heating oil, NWF explained. Oil prices have been helped by the strength of sterling, which has offset any increases in the dollar based Brent Crude, it added.Overall the group said trading is in line with the board's expectations.CJ