21 April 2021 | 09:36am
StockMarketWire.com - Agriculture and Engineering company Carr s reported a decline in profit in the first half of the year, but said there was reason for optimism amid the easing pandemic impact.
For the 26 weeks ended 27 February 2021, pre-tax profit fell 3% to £10.2 million, while revenue increased 0.7% to £201.4 million.
The company declared an interim dividend of 1.175 pence.
Looking ahead, the company forecast improved performance, particularly for its engineering business, which was adversely impacted by low oil prices and travel restrictions in half.
The engineering division is expected to be significantly better in H2, and the order book now stood at £44 million, up 19% since year end.
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Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient: 1. Obtains access to the information in a personal capacity; 2. Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services; 3. Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body; 4. Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;