Wynnstay (GB:WYN) has released an update.
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Wynnstay Group PLC reported a resilient performance amidst tough trading conditions, with revenue dropping to £328.5m due to commodity price deflation and challenging weather impacting the seed planting season. Despite a decline in adjusted pre-tax profits to £4.8m, the company maintained margins and increased its net cash position to £18.5m. Wynnstay remains optimistic about the second half of the year, anticipating improved farmgate prices and a performance in line with market expectations.
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