Strong showing by Carr’s Milling
Jan 7 2009 by Peter McCusker, The Journal
THE strong performance of agriculture and engineering group Carr’s Milling in the first three quarters of last year has continued in quarter four with profit ahead of budget.
The Carlisle-based company released an interim management statement for trading for the 18 weeks since the end of August 2008 to coincide with yesterday’s annual general meeting. The company statement said: “Profit in the first quarter of the 52 weeks to August 29, 2008, was ahead of budget and Carr’s remains on target for the full year, despite trading conditions becoming more difficult.”
In its last full year to the end of August 2008 Carr’s saw pre-tax profits rise by 133% to £12.9m.
The company, which has three divisions – agriculture, food and engineering – achieved this on the back of a rise in turnover of 47% to £372.3m, As a result of its improved performance the company increased its final dividend per share to 17p – from 13.5p in 2007 – which will be paid on January 16.
