NWF still on track

Oil, animal feeds, and grocery products distributor NWF said it continues to trade in line with expectations whilst maintaining lower debt levels.The group, which specialises in the distribution of food, feed and fuel, after selling its garden centre division last year, issued the update ahead of its interim results, due for release 2 February 2010. The group posted record pre-tax profits of £6.2m in 2009 following a bumper performance from the fuel side of the business.The proceeds of the garden centre sale helped reduce the group's debt levels by over 60% last year and enabled NWF to focus on its three specialist distribution businesses. Nwf