Wynnstay Reports Impressive Financial Year

Wynnstay Group has reported impressive results for its financial year ended 31st Oct 2008, driven by the agricultural and retail divisions.

In agriculture operating profits jumped by 112 per cent to £3.89m, whilst in retail operating profits almost doubled to £2.53m thanks partly to acquisitions.

Group profits were also helped by agricultural stock gains of £1.4m and a £600,000 profit from an acquisition.

The Group reports turnover of £235m (+50%), generating a pre-tax profit of £5.11m (+67%) and earnings per share of 29.26 pence (+49%).