NWF Group plc (NWF.L), on Wednesday, reported H1 statutory profit before taxation of £3.8 million versus £5.9 million last year. On a per share basis, earnings totaled 5.5p compared to 9.3p per share earned a year ago.
Headline profit before taxation declined to £3.4 million from £6.2 million in the prior year period. Headline earnings decreased to 5.1p per share from 9.9p per share last year.
Revenue for the period amounted to £472.9 million, down 12.7% from the previous year's revenue of £541.8 million.
Further, the company stated that its Board's full-year trading expectations remain unchanged ahead of the seasonally more significant second half.
Chris Belsham, Chief Executive Designate, NWF Group plc, said, "We have experienced a more challenging first half than in recent years, but our underlying expectations for the full year remain unchanged. Our performance in Food has been particularly positive and has in part offset the less supportive market conditions in Fuels and Feeds. Our recently announced investment in the new Lymedale warehouse highlights the growing customer demand in the Food business, increasing our capacity by 39%..."
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