UPDATE 1-Carr's Milling Industries sees lower FY profit

Mon Apr 6, 2009 3:01am EDT
 
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* Says FY profit to be lower than previous year

* Pre-tax profit for 26 wks to Feb 28, 2009 up 2 pct

* Maintains dividend at 6 pence

LONDON, April 6 (Reuters) - Carr's Milling Industries Plc (CARS.L), a British agriculture, food and engineering group, warned on Monday its annual pre-tax profit would be lower than last year due to weaker fertiliser sales.

But for the 26 weeks to February, 28 2009, the company said its pre-tax profit was up 2 percent to 5.3 million pounds ($7.77 million) and maintained its interim dividend per share at 6 pence.

Carr's chairman Richard Inglewood said the half-year results reflected strong underlying trading in all major areas, with the exception of fertilisers, more than offsetting a 0.4 million pound increase in pension charge.

Last year the company posted a 133 percent rise in full year pretax profits to 12.9 million pounds, broadly in line with the expectations of house broker Investec Securities.

 

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