The Board of NWF Group plc has approved an interim dividend of 1.0 pence per share compared to 1.0 pence per share paid a year ago. This will be paid on May 2, 2017 to shareholders on the register on March 24, 2017. The shares will trade ex-dividend on 23 March 2017.

The company announced unaudited consolidated earnings results for the half year ended November 30, 2016. For the year, the company reported revenue of £255.9 million compared with £224.6 million a year ago. Headline operating profit was £2.2 million compared with £2.8 million a year ago. Operating profit was £1.8 million compared with £2.4 million a year ago. Headline profit before taxation was £2.0 million compared with £2.6 million a year ago. Profit before taxation £1.3 million compared with £1.8 million a year ago. Profit for the period attributable to equity shareholders £1.0 million compared with £1.4 million a year ago. Earnings per basic and diluted share were 2.1 pence compared to 2.9 pence a year ago. Headline earnings per basic and diluted share were 3.3 pence compared to 4.3 pence a year ago. Net cash absorbed by from operating activities was £3.1 million compared to net cash generated from operating activities of £2.4 million a year ago. Purchase of intangible assets was £0.2 million compared with £0.2 million a year ago. Purchase of property, plant and equipment was £6.0 million compared with £2.0 million a year ago. Headline earnings were £1.6 million compared with £2.1 million a year ago. Net debt at the November 30, 2016 was £19.1 million compared to £10.4 million a year ago. Net capital expenditure in the period was £6.1 million compared to £2.2 million a year ago.

For the full year ending May 31, 2017, the company expects weighted average annual tax rate of 20.9%.