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Sparks commentary

Industrials

Sparks

NWF Group (LON: NWF) – H1 profits up 25%, outlook encouraging
Published by Andy Murphy

NWF Group increased H1 operating profit by 25% to £5.0m and retained a strong balance sheet with net cash of £11.4m (H123: £13.3m), driven by robust trading.  The key drivers of growth were the Fuels division, which benefited from a lower cost base, and Feeds, which took market share. This good performance was offset in the short term by start-up costs at a new facility within the Food division. The outlook is encouraging with the financially more significant second half to come and management expects to achieve full year market expectations.

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