NWF Group plc Approves an Interim Dividend for the Half Year Ended November 30, 2016, Payable on May 2, 2017; Announces Unaudited Consolidated Earnings Results for the Half Year Ended November 30, 2016; Provides Annual Tax Guidance for the Year Ending May 31, 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%.