StockMarketWire.com - Agricultural and distribution business NWF Group said profit before tax for the half year to end-November is expected to be ahead of the prior year period.

The Feeds division has traded well in the first half with a continued focus on meeting the needs of farmers who have experienced better silage production than in the prior year and benefited from improved milk prices. As recently announced, the Group has completed the acquisition of SC Feeds Ltd, an 80,000 tonne ruminant feed producer, in line with our strategy of increasing investment in agriculture.

Food has performed as planned with the completion of the move of customers from the Deeside facility into Wardle, which has remained full during the first half of the year. In addition long-term contracts have been signed with major customers, underpinning the business' future volumes.

The Fuels division has performed well in the first half with a focus on commercial business during a period of lower demand for heating oil. Oil prices have been helped by the strength of sterling, which has offset any increases in the dollar based Brent Crude.

NWF plans to announce interim results for the six months ended 30th November 2013 on Tuesday 4th February 2014.




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