Carr's Share Discussion Threads

[cwa1] 13/4/2015 08:07

Morning All Thought I would start a thread for CARR, the former Carr's Milling, after seeing their results this morning and adding a few at the opening. Link to results:- http://www.investegate.co.uk/carr-s-group-plc/rns/interim-results/201504130700129062J/ Highlights:- Financial highlights · Revenue down 2.8% to £208.6m (H1 2014: £214.7m) · Profit before tax up 5.4% to £10.6m (H1 2014: £10.1m) · Basic EPS up 9.0% to 8.5p (H1 2014: 7.8p) · Adjusted EPS2 up 11.5% to 8.7p (H1 2014: 7.8p3) · First interim dividend up 8.8% to 0.925p (H1 2014: 0.85p3) · Net debt of £26.0m (£24.6m as at 30 August 2014) Commercial highlights · Record first half performance demonstrating the strength of the Group's operational and geographic diversity · Outstanding performance by the USA feed block business · Strength of global feed block brands delivers record sales · Investment in UK retail Country Store network drives retail sales growth · Evidence of recovery in the UK nuclear industry with new contracts for the Engineering division · Growth maintained in the Food division following the step change in performance last year Tim Davies, Chief Executive Officer, commented: "The strength of the Group, with its international operations and diversity of business, has been demonstrated in the delivery of a record performance in the first six months. This result has been achieved despite some challenging conditions in some of the markets within which we operate. Trading in the second half has started well and we remain on track to meet the Board's expectations for the full year."