logo
Share SHARE
FONT-SIZE Plus   Neg

Carr's Milling H1 Pre-tax Profit Rises - Quick Facts

Carr's Milling Industries Plc. (CRM.L) on Tuesday said profit before tax in the first half of the year increased from last year, helped by a 12 percent growth in revenue. The company expects the results for the year to be ahead of expectations.

For the 26 weeks ended March 3, profit before taxation increased to 7.44 million pounds from 5.7 million pounds.

However, profit attributable to equityshareholders declined to 4.58 million pounds from 5.15 million pounds as the prior year benefited from discontinued operations. Earnings per share declined to 50.0 pence from 58.3 pence.

Revenue climbed to 196.0 million from 175.5 million as Agriculture revenue increased 12 percent to 147.2 milion pounds.

The company said a first interim dividend of 7.25 pence per share, up from last year's 6.5 pence per share, will be paid on May 25 to shareholders on the register on May 4.

Chris Holmes, CEO, said, "Following the profit growth achieved in the first half the Board believes the results for the year will be ahead of the expectations that the company had at the beginning of the year, and is well positioned for sustained profitable growth."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

24 Articles
Editors Pick
Taxi-hailing company Uber and its rival Careem has suspended their services in Abu Dhabi, the capital of the United Arab Emirates, since Saturday, reports said. Uber said the move was temporary, and did not explain the reason for suspension of services. Even after two years of thoroughly searching across the Indian Ocean, using modern technologies and devices, there is no clue about the Malaysian airline that vanished on March 8, 2014. Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations.
comments powered by Disqus
Follow RTT