Wynnstay Group plc Reports Consolidated Earnings Results for the Year Ended October 31, 2011; Proposes Final Dividend, Payable on April 30, 2012
January 25, 2012 at 02:00 am
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Wynnstay Group plc reported consolidated earnings results for the year ended October 31, 2011. For the period, the company reported revenues of GBP 346,176,000 against GBP 243,744,000 a year ago. Group operating profit was GBP 7,087,000 against GBP 6,073,000 a year ago. Profit before taxation was GBP 6,852,000 against GBP 5,877,000 a year ago. Profit for the year was GBP 5,001,000 or 29.47 pence diluted per share against GBP 4,232,000 or 27.06 pence diluted per share a year ago. Net cash flows from operating activities were GBP 3,717,000 against GBP 4,774,000 a year ago. Purchase of property, plant and equipment was GBP 2,714,000 against GBP 1,502,000 a year ago. Purchase of intangible assets was GBP 288,000.
The Board proposed the payment of a final dividend of 5.20 pence per share, which together with the interim dividend of 2.60 pence per share, paid on 31 October 2011, takes the total dividend for the year to 7.80 pence, an increase of 10% on last year of 7.10 pence per share. The final dividend will be paid on 30 April 2012 to shareholders on the register on 30 March 2012. A scrip dividend alternative will continue to be available as in previous years. The last date for election for the scrip dividend will be 16 April 2012.
Wynnstay Group PLC is a United Kingdom-based company, which is engaged in supplying of products and services to the United Kingdom farmers. The Company helps livestock and arable farmers to produce food. The Company operates through two segments: Agriculture, and Specialist. Its Agriculture segment is engaged in manufacturing and supply of animal feeds, fertilizer, seeds and associated agricultural products. The Specialist segment is engaged in agricultural merchanting and supplies a wide range of specialist products to farmers, smallholders, and pet owners. The Company manufactures and supplies a wide range of feeds and animal nutrition products for a range of sectors, including, dairy, beef, sheep, and poultry. It operates three feed mills and three blending plants, offering a full range of animal nutrition products to the agricultural market in bulk or bags. The Company operates over 53 depots across Wales, the Midlands, Northwest, and Southwest England.