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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Wynnstay Group Plc | LSE:WYN | London | Ordinary Share | GB0034212331 | ORD 25P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 350.00 | 340.00 | 360.00 | 350.00 | 350.00 | 350.00 | 2,459 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Farm Management Services | 735.88M | 6.93M | 0.3018 | 11.60 | 80.34M |
TIDMWYN
RNS Number : 9974Z
Wynnstay Group PLC
21 March 2017
21 March 2017
AIM: WYN
Wynnstay Group plc
("Wynnstay" or the "Group")
AGM Statement
Wynnstay, the agricultural and retail group, will be holding its Annual General Meeting this morning and will make the following comment on current trading:
The trading environment for farmers has continued to show signs of recovery, with farm output prices higher year-on-year, although from low comparatives. This is encouraging although, as yet, it is too early to determine the strength of the recovery. There are important seasonal trading months ahead for Wynnstay, particularly for feed sales and these will influence the outcome for the half year. Nonetheless, at this stage, we continue to remain encouraged that Wynnstay is on track to return to growth in the current financial year.
In the Agricultural division, demand for ruminant feed has increased year-on-year, reflecting national trends. Fertiliser sales have been good as farmers purchased ahead of anticipated price increases. Demand for spring seed is also encouraging and, as expected, the smaller 2016 harvest has meant that grain trading volumes in the period are behind the previous year.
Within the Specialist Retail operations, our agricultural retail activities have seen a small increase in like-for-like sales over recent months, mainly attributable to hardware products. However, demand at Just for Pets, the pet products business, remains subdued, reflecting the challenging high street.
We are continuing to invest in the business, including in our technology platform, to drive efficiencies and better position the Group for long term growth.
Enquiries:
Wynnstay Group Ken Greetham, Chief T: 01691 827 plc Executive 142 Paul Roberts, Finance Director KTZ Communications Katie Tzouliadis, T: 020 3178 6378 Emma Pearson Shore Capital Stephane Auton, T: 020 7408 4090 (Nomad and Broker) Patrick Castle
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMURVNRBAAOUAR
(END) Dow Jones Newswires
March 21, 2017 03:00 ET (07:00 GMT)
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