Wynnstay Group plc (WYN.L), Wednesday reported higher pre-tax profit for the first half of the year, as 12 percent growth in revenues reflected a combination of higher feed, seed and fertiliser volumes, last year's bolt-on acquisitions and some inflation in commodity prices.
For the six month ended April 30, the Group reported profit before tax of 5.21 million pounds, a 15 percent increase from 4.52 million pounds reported during the same period last year. After the tax, the profit for the period was 3.9 million pounds, compared with 3.3 million pounds previous year. Earnings per share climbed 16 percent to 23.6 pence.
The company clocked in revenues of 216.12 million pounds, a 12 percent increase from 193.67 million pounds reported during the first half of last year. Agricultural supplies division revenues were up 11 percent to 172.29 million pounds, while the specialist retailing revenues rose up 13 percent to 43.76 million pounds.
The Group further declared an increased interim dividend of 3.10 pence per share, representing an increase of 9 percent from last year. The interim dividend is payable on October 31, to shareholders of record on September 27. The company added that the last day for election of the Scrip dividend will be October 16.
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