StockMarketWire.com - Specialist agricultural and distribution NWF Group said it had delivered a robust first-half performance that was in line with management's expectations.

It said pretax profit rose 27.8% in the half year to Nov. 30, 2012, to £2.3 million, and that revenue was up 2.7% to £256.5 million.

Feeds performed well in an environment of volatile and increasing commodity costs, by focusing on working directly with our farming customers and was helped by weaker grazing conditions resulting from the wet autumn conditions.

Feeds revenue rose 10.1% to £66.2 million, mainly on higher prices.

Food performance was impacted by a slower than anticipated take-on of new accounts and continuing challenges in the market place with pressures throughout the supply chain.

Food revenue decreased 17.5% to £18.9 million

Fuels performed in line with our expectations demonstrating a strong recovery from a difficult fuel market in the previous period.

Fuels revenue fell 5.1% to £171.4 million as a consequence of lower crude oil prices.


At 8:24am: [LON:NWF] N.W.F. share price was 0p at 119p



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