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An update from NWF Group plc ( (GB:NWF) ) is now available.
NWF Group plc announced its half-year results, showcasing a robust performance with a 25% increase in headline operating profit despite a 3.9% drop in revenue, primarily due to lower oil prices. The company’s fuels and feeds divisions performed strongly, offsetting a weaker performance in its food division due to startup costs at the new Lymedale warehouse. Looking forward, NWF Group remains confident in its growth potential, maintaining a strong cash position and a well-progressed acquisition pipeline in the fuels sector, while continuing to enhance operational efficiencies.
More about NWF Group plc
NWF Group plc is a specialist distributor focused on the distribution of fuels, feeds, and food. The company operates within the fragmented UK fuels distribution market, where it seeks to consolidate its position through acquisitions. It also focuses on enhancing operational efficiency and optimizing its commercial approaches across its divisions.
YTD Price Performance: 1.95%
Average Trading Volume: 53,698
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £77.64M
For a thorough assessment of NWF stock, go to TipRanks’ Stock Analysis page.
