Major contract win and acquisition spree help boost NWF Group profits


 

NWF Group saw its half-year pre-tax profit leap by 26% after landing a major new food distribution contract and buying another three fuel distribution operators. Reporting its first half-year results to 30 November 2019 the fuel, food and feed distributor, which owns Palletline member Boughey Distribution, unveiled a 5.6% rise in turnover to £348.9m (H1 2018: £330.5m). In the same period pre-tax profit jumped 26.3% to £2.4m (H1 2018: £1.9m). NWF’s fuels division saw revenue up by 10.6% to £245.9m […]