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VIDEO: Distribution player NWF Group runs through its development strategy (piworld) (NWF)

On Wednesday, NWF Group (LSE:NWF) impressed investors with its half year results for the period ended 30 November 2019, revealing an across-the-board strengthening of its balance sheet.

NWF, which is a specialist distributor of fuel, food, and feed across the UK, revealed that revenues grew year-on-year by 5.6% to £348.9 million while profit before tax grew 26.3% to £2.4 million.

Meanwhile, the firm said it would continue to pay a healthy 1p per share dividend and provided a healthy outlook for the rest of the current year’s trading, with demand for heating oil proving to be particularly strong.

As chairman Philip Acton put it: “Our financial position is strong and we continue to focus on growth initiatives, both organic and through targeted acquisitions. Overall the group continues to trade in line with the Board’s expectations for the full financial year and I look forward to updating shareholders later this year.”

In the video below, provided by piworld, NWF’s chief executive Richard Whiting and group finance director Chris Belsham run through the results in more detail.

piworld provides content for investors, by investors.

The organisation aims to help private investors get closer to companies and their management and – in turn – make more informed investment decisions.

Videos include:

•             Company results presentations

•             Management interviews

•             Company visits

•             Enlightened educational investor videos with investors, opinion formers, and industry leaders

Visit piworld’s website – piworld.co.uk – by clicking here

Valuethemarkets.com and Dynamic Investor Relations Ltd are not responsible for the content or accuracy of this article.  News and research are not recommendations to deal, and investments may fall in value so that you could lose some or all of your investment. Past performance is not an indicator of future performance.

  • Daniel Flynn does not hold any position in the stock(s) and/or financial instrument(s) mentioned in the piece.
  • Daniel Flynn has not been paid to produce this piece by the company or companies mentioned above.
  • Dynamic Investor Relations Ltd, the owner of ValueTheMarkets.com, has not been paid for the production of this piece by the company or companies mentioned above.

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