By Caroline Jouan
Date: Wednesday 18 Jun 2014
LONDON (ShareCast) - - Pre-tax profit down 10% from last year's record level
- Current trading in line with management budgets
- Confident in prospects for remainder of year
Wynnstay, the agricultural supplies and specialist retail group, posted a a solid half-year performance following tough comparatives the year before, and is confident of progress for the remainder of the financial year.
Pre-tax profit fell to £4.7m in the six months ended April 30th from £5.2m the year earlier. Revenues for the period rose to £222.49m from £216.09m a year earlier.
Chief Executive Ken Greetham said: "While pre-tax profit is 10% behind last year's record level, this year's results were achieved in trading conditions which differed markedly to the prior year and continue to demonstrate the strength of Wynnstay's broad spread of activities.
"The variation between the two first halves largely reflected the weather conditions, which in both periods was atypical for the season. The unusually mild weather in the first half gave rise to a different demand pattern across our products and market segments against the same period last year."
Nonetheless, Wynnstay said its performance within agricultural products was robust and encouraging given the market conditions.
It said current trading is in line with management budgets and, with a good harvest expected, it remains confident of prospects for the remainder of the financial year and beyond.
Underlining its confidence in future trading, the board has declared an increased interim dividend of 3.4p per share from 3.1p a year earlier.
CJ
Email this article to a friend
or share it with one of these popular networks:
Currency | UK Pounds |
Share Price | 355.00p |
Change Today | -12.50p |
% Change | -3.40 % |
52 Week High | 507.00 |
52 Week Low | 325.00 |
Volume | 52,674 |
Shares Issued | 22.99m |
Market Cap | £81.60m |
RiskGrade | 162 |
Value |
---|
Price Trend |
---|
Income |
---|
Growth |
---|
Strong Buy | 1 |
Buy | 0 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
---|---|---|
Final | Interim | |
Ex-Div | 28-Mar-24 | 28-Sep-23 |
Paid | 30-Apr-24 | 31-Oct-23 |
Amount | 11.75p | 5.50p |
Time | Volume / Share Price |
16:13 | 16,197 @ 352.00p |
16:25 | 6,500 @ 357.00p |
16:25 | 850 @ 355.00p |
16:03 | 1,193 @ 352.00p |
15:32 | 278 @ 357.00p |
You are here: research