Specialist agricultural and distribution business NWF reported trading for the half year to 30 November 2017 was ahead of the prior year. The group said the board remains confident of delivering its full year expectations. Net debt was also lower than at 30 November 2016. In the Feeds division, performance improved as planned with the benefits of previous capital investment being delivered, alongside a recovering dairy market due to higher milk prices. In Food, the business has continued to focus on securing additional customers to fully utilise the Wardle facility; whilst this is underway first half performance has been below last year, as expected. Outbound load demand was robust through the period. The Fuels division performed as planned and ahead of last year, growing volumes and increasing diesel and gas oil sales to offset the normal lower levels of demand for heating oil in the summer and autumn.
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