IN BRIEF: Carr's expects full-year results in line with expectations

Carr's Group PLC - Carlisle, England-based agriculture and engineering company - Says trading for ...

Alliance News 9 October, 2024 | 9:59AM
Email Form Facebook Twitter LinkedIn RSS

Carr's Group PLC - Carlisle, England-based agriculture and engineering company - Says trading for the year ended August 31 is broadly in line with expectations, and that it closed with net cash of GBP4.5 million, up 7.1% from GBP4.2 million last year. It says its exploration of options to maximise shareholder value for its engineering division is proceeding "satisfactorily", the integration of its agriculture division businesses under a single management team has been completed, and cost reduction efforts are progressing as planned. Carr's is also exploring the removal of risk of future pension scheme volatility.

Broker Shore Capital currently forecasts an adjusted pretax profit of GBP9.0 million for financial 2024, which would represent a 20% increase from the company's adjusted pretax profit of GBP7.5 million in 2023.

Carr's expects to announce its full-year results in mid-December 2024.

Current stock price: 129.00 pence, down 2.3% in London on Wednesday morning

12-month change: down 0.8%

By Emily Parsons, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

Email Form Facebook Twitter LinkedIn RSS

Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Carr's Group PLC 120.00 GBX -0.41 -

About Author

Alliance News

Alliance News provides Morningstar with continuously updating coverage of news affecting listed companies.

© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Modern Slavery Statement        Cookie Settings        Disclosures