StockMarketWire.com - Wynnstay Group said its full-year pretax profit rose by 13% to a record 7.82 million, reflecting its organic and acquisitive growth strategy.

The result came from a 9% rise in full-year revenue to £375.78 million. Earnings per share was up 16% to 34.99p, and net assets rose 10% to 56.83 million.

The company is proposing a final dividend of 5.65p, taking total for the year to 8.50p, up 9% on the year.

Wynnstay's agricultural unit saw revenues rise 8% to £295.19 million, while its specialist retail division saw revenues gain 13% to £80.47 million.

The "board remains positive about prospects in new financial year,2 the company said, adding that it was well positioned financially, with low gearing and good cash generation.

Chief executive Ken Greetham said Wynnstay had continued to perform well with pre-tax profits and revenues at record levels.

"This pleasing achievement is underpinned by the broad spread of our agricultural activities and reflects both the organic and acquisitive development of the business," Greetham said.




At 8:25am: [LON:WYN] Wynnstay Group share price was +3.5p at 475p



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