By Christian Moess LaursenNWF Group PLC said Thursday that it expects to beat market expectations for fiscal 2023 pretax profit, driven by strong trading in the third quarter and its acquisition of Sweetfuels Ltd which it bought in December. The specialist distributor of fuel, food and feed said it expects pretax profit for the year ending May 31 to be at least 17.5 million pounds ($20.7 million), ahead of a company-compiled consensus of GBP12.3 million. In fiscal 2022, the company booked a pretax profit of GBP12.0 million. Shares at 0859 GMT were up 17.0 pence, or 5.6%, at 275.0 pence. Write to Christian Moess Laursen at christian.moess@wsj.com

Source: Wall Street Journal March 09, 2023 09:13 UTC