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

Editors Pick
HSBC is reportedly laying off about 100 of its senior investment bankers worldwide, as the banking giant strives to curb operating costs. According to reports, the London-headquartered bank will eliminate managing director and director level employees at the Global Banking and Markets division, as... Samsung Electronics Co., Ltd. (SMSN.L, SSNNF.OB, SSNLF.OB) will reportedly blame faulty batteries for last year's Galaxy Note 7 fiasco. According to a Wall Street Journal report, Samsung's investigation of Galaxy Note 7 smartphones found that some batteries were irregularly sized while others had... Federal investigators have closed their probe of a fatal crash that involved a Tesla Motors Inc. car eight months ago. The regulators said they have found no safety defects in the vehicle's automated driving system and that Tesla's Autopilot-enabled vehicles did not need to be recalled.
comments powered by Disqus
Follow RTT