StockMarketWire.com - Wynnstay Group's first-half pretax profit rose 15% to £5.21 million, from £4.52 million. Revenues rose 12% to 216.12 million, from £193.67 million.

Wynnstay hiked its interim dividend 9% to 3.1p a share, from 2.85p.

"The record results reflect a combination of factors, including the expansion of the Wynnstay Stores chain, strong raw material and feed sales as the cold weather extended the normal feeding season, and increased seed and fertiliser volumes," said CEO Ken Greetham.

"Against this, our grain marketing operations saw reduced volumes, impacted as expected by the very poor harvest of 2012. The broad base of the Company's activities continues to be a major strength, helping to smooth the effects of differing conditions across our marketplaces," he said in a statement.

Greetham said there was opportunity for further consolidation within the industry and that Wynnstay was well-placed to continue to execute its strategy of organic growth combined with selective acquisitions.

"After a record first half, the second half of the financial year is progressing well and in line with management expectations. The Board remains confident of the Group's prospects."




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