StockMarketWire.com - NWF Group said in a first-quarter trading update that it continues to trade in line with management's expectations with net debt also in line, reflecting normal seasonal fluctuations.

"Looking at each division in more detail: Feeds has continued the focus on providing high quality nutritional advice and sales direct to farmers, who are experiencing better silage and harvest conditions compared to the prior year and the business continues to manage volatility and some softening in commodity costs," said chairman Mark Hudson in a statement.

"In the Food division, the movement of consolidating customers to the primary consolidation site at Wardle is progressing as planned and options for the future of the leased Deeside facility are being evaluated. Storage levels are a little higher than anticipated and out loads continue to be in line with the prior year. Service levels have been maintained at 99.7%," Hudson said.

"Finally, the Fuels business performed as planned across the summer months against a back drop of volatile Brent crude prices, which fluctuated between $101 and $117 per barrel since the period end."




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