Wynnstay Group Plc. (WYN.L) on Tuesday said profit for the first half of the year rose from last year, amid an 18 percent increase in revenue.
Profit before tax climbed to 4.52 million pounds from 3.97 million pounds.
Profit for the period grew to 3.38 million pounds from 2.96 million pounds. Earnings per 25 pence share climbed to 19.82 pence from 17.49 pence.
Revenues increased to 193.67 million pounds from 164.57 million pounds. Around 23.8 million pounds of the increase is attributable to higher sales in the new GrainLink business following the acquisition of Wrekin Grain in May 2011.
The company hiked the interim dividend to 2.85 pence from 2.60 pence.
Ken Greetham, Chief Executive, said, "The diverse range of Wynnstay's activities continues to be a key strength and, coupled with a positive outlook for the UK agricultural sector, we remain positive that Wynnstay is well-placed for further growth this financial year with favourable prospects ahead."
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by RTT Staff Writer
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