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Logistics firm Wincanton forecasts strong outlook on online grocery boost

Reuters
·1-min read

(Reuters) - Logistics company Wincanton <WIN.L> on Thursday resumed dividends and said it expects annual results to be ahead of market expectations, as a surge in online grocery shopping during the COVID-19 pandemic boosted its business.

The company, which provides so-called eFulfillment services to companies such as Waitrose, Asda and Morrisons, saw first-half revenues fall 2.4% to 578.7 million pounds , mainly due to weakness in construction, energy and container markets.

The warehouse and transport provider declared an interim dividend of 2.85 pence per share.

(Reporting by Yadarisa Shabong in Bengaluru; Editing by Shailesh Kuber)