Increased activity enables ‘solid performance’ from Cheshire distributor NWF Group

Increased activity enables ‘solid performance’ from Cheshire distributor NWF Group

Agricultural and distribution firm NWF Group plc has marked an uptick in profits on the back of increased activity for its three core divisions.

The Cheshire-based firm saw its pre-tax profit rise by 2.4% to £8.5m during the 12 months to May 31 2017.

Groupwide revenues stood at £555.8m, up 19.3% from £465.9m the year previous.

Headquartered in Nantwich, NWF Group delivers feed, food and fuel across the UK.

The company’s Feeds division recorded an operating profit of £1.5m, down year on year 28.6% and impacted by margin pressure due to increased commodity costs.

Read more from BDaily here.

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