NWF Group optimistic despite £4.4m profit dive


Food, fuel and feed distributor NWF Group remained upbeat this week despite reporting a £4.4m interim pre-tax loss. Chief executive Richard Whiting praised the group for delivering a “very strong first-half performance”, in the face of “volatile” market demand and “significant” inflationary pressures. Announcing its half-year results for the period to 30 November 2021 the group unveiled a revenue rise of 30.1% to £402.6m, (H1 2020: £309.4m) but pre-tax profit plummeted 320% from a profit of £2m in the same […]