Results Round-up

Agricultural and food distribution company NWF posted full year results with profits on the rise but revenue down due to lower commodity prices.

The company said group revenue was down by 8% to £492.3m in the year to May, but adjusted profit before tax came in at £8.1m, ahead of analysts’ expectations, and up 5% year on year.

Basic earnings per share were up 6.5% to 5.4p from 5.1p, and company boosted its full year dividend by 6% to 5.4p.

NWF, which divides its business into feeds, food and fuels segments said a challenging year in the ruminant feed markets and reduced milk pries saw underlying profit in the feed segment fall to £1.8m from £3.3m.

Underlying operating profit in the food division was up 25% to £2.5m from £2m, while fuel profits were up to £4.3m from £3.2m.

Wallpaper and fabrics designer Walker Greenbank enjoyed a solid first half performance in the UK and US thanks to strong growth in its manufacturing operations and digital printing business.

The interior furnishing company saw its brand sales rise 8.4% in reportable currency and 9.1% in constant currency for the six months ended 31 july 2015.

UK sales rose 6.8% and overseas sales increased 12.7% in constant currency. The US market also reported good growth with sales increasing 18.6% in constant currency.

As a result, the group said it remains confident in the outlook for the full-year.