NWF Group announce a proposed increase in the total dividend of 3.8% to 8.1p per share, representing the 13th consecutive year of increases and reflecting the Board's confidence in the prospects of the Group.
Other financial highlights include:
• Solid results for the Group in line with the expected normalisation of pricing in the Fuels and Feeds markets, reflecting strong operational and commercial execution.
• In Fuels, low demand for heating oil resulting from the mild winter mitigated through increased commercial volume and management of the cost base.
• Strong performance in Food, with increased storage levels and throughput supporting the investment in the new 52,000 pallet space warehouse at Lymedale, representing a 39% increase in operating capacity to support continued customer demand.
• Effective management of gross margins and operational costs in Feeds as the milk price reduced from the record high of the previous financial year.
• Strong balance sheet, with a healthy cash balance providing significant flexibility to support growth initiatives.
