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29 Jan 2019 | 14:05

NWF profits flat as pension tweak offsets rising sales

Food, fuel and feed distributor NWF Group booked a flat first-half profit after rising sales were offset by one-off pension costs.

Pre-tax profit for the six months through November was steady at £1.9m, even as revenue rose 12% to £330.5m.

Adjusted pre-tax profit, which excluded the pension adjustment, rose 9.1% to £2.4m.

NWF kept its interim dividend steady at 1.0p per share and said its full-year expectations for trading performance and net debt levels were unchanged. At 2:05pm: (LON:NWF) NWF Group PLC share price was -10p at 171p

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