wynnstay group plc (WYN) Snapshot

Wynnstay Group plc announced the appointment of Mr. Philip Michael Kirkham as a non-executive director of the Company with immediate effect. Philip has over 30 years' experience in UK agriculture and is Managing Director of M & R Kirkham & Sons Ltd.

Wynnstay also announces that Jeffrey Kendrick, Non-executive Director, proposes to retire from the Board and the Group at the next AGM in 2014.

Wynnstay Group plc reported consolidated earnings results for the year ended October 31, 2012. For the year, the company reported revenues were £375,776,000 against £346,176,000 a year ago. Group operating profit before goodwill and share based payment costs was £8,300,000 against £7,509,000 a year ago. Profit before taxation was £7,760,000 against £6,852,000 a year ago. Profit for the year was £5,833,000 or 34.99 pence per share against £5,001,000 or 30.23 pence per share a year ago. Net cash out flows from operating activities was £1,235,000 against net cash in flows from operating activities of £3,717,000 a year ago. Purchase of property, plant and equipment was £1,941,000 against £2,714,000 a year ago. The Board proposed the payment of a final dividend of 5.65 pence per share, which together with the interim dividend of 2.85 pence per share, paid on 31 October 2012, takes the total dividend for the year to 8.50 pence, an increase of 9% on last year (2011: 7.80 pence). The final dividend will be paid on 30 April 2013 to shareholders on the register on 2 April 2013.