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Latest Results

Interim Results for the six months ended 3 March 2018

"Significant improvement in performance"

Carr's (CARR.L), the Agriculture and Engineering Group, announces its results for the six months ended 3 March 2018. 

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UNAUDITED CONSOLIDATED INCOME STATEMENT
For the 26 weeks ended 3 March 2018

    26 weeks
ended
3 March
2018
26 weeks
ended
4 March
2017
52 weeks
ended
2 September
2017
  Notes £'000 £'000 £'000
Continuing operations        
         
Revenue 6 200,108 176,758 346,224
Cost of sales   (171,285) (153,874) (307,543)
         
Gross profit   28,823 22,884 38,681
         
Net operating expenses   (19,954) (15,975) (30,804)
         
Adjusted3 operating profit 6 9,190 7,592 9,278
Amortisation and non-recurring items 7 (321) (683) (1,401)
Operating profit 6 8,869 6,909 7,877
         
Finance income   182 95 176
Finance costs   (576) (430) (864)
Share of post-tax profit in associates and joint ventures   2,140 1,708 2,813
         
Adjusted3 profit before taxation 6 10,936 8,965 11,403
Amortisation and non-recurring items 7 (321) (683) (1,401)
Profit before taxation 6 10,615 8,282 10,002
         
Taxation   (1,567) (1,708) (1,707)
         
         
Profit for the period   9,048 6,574 8,295
         
Profit attributable to:        
Equity shareholders   8,190 5,802 7,005
Non-controlling interests   858 772 1,290
         
    9,048 6,574 8,295
         
         
Earnings per share (pence)        
Basic 8 9.0 6.4 7.7
Diluted 8 8.8 6.3 7.6
Adjusted 8 9.2 7.1 8.9
Diluted adjusted 8 9.0 7.0 8.8

 

3Adjusted results are after adding back amortisation of intangible assets and non-recurring items including acquisition costs



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