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Carr’s Group PLC - Carlisle, England-based speciality agriculture and engineering - Expects adjusted pretax profit to be around £8.0 million, and remains confident in the company’s long-term prospects, though have moderated expectations for August. The company’s Engineering division enjoyed high activity levels and is trading in line with prior financial year, delivering a strong second half. Carr’s Group maintains a net cash positive position. Declares a second interim dividend of 1.175 pence per share.
‘Expectations for August 2023, historically a strong trading month, have now been moderated by delayed recovery in our markets. From financial 2024 onwards management anticipates long-term recovery for this division as drought in the USA continues to recede and herds are rebuilt,’ said Carr’s Group.
Current stock price: 124.48 pence, down 14%
12-month change: down 3.5%
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