Carr's Group PLC - Carlisle, England-based agriculture machinery distributor and engineering firm - Revenue in half-year ended February 27 up 0.7% annually to GBP201.4 million from GBP200.0 million. Pretax profit falls 3.2% year-on-year to GBP10.2 million from GBP10.5 million. Net operating expenses are 11% higher at GBP19.5 million. Carr's declares dividend of 1.175 pence from none paid a year prior. Looking ahead, company says: "A continued positive performance is forecast across the Agricultural divisions, together with an improved second half in the Engineering division as the impact of Covid-19 begins to recede and its order intake continues to increase." Also on Tuesday, Carr's says Non-Executive Chair Peter Page buys 30,000 shares at 144.89 each, worth GBP43,466 in total. Page now holds 90,000 Carr's shares, a 0.1% stake.
Current stock price: 148.77 pence, up 10% on Wednesday
Year-to-date change: up 15%
By Eric Cunha; ericcunha@alliancenews.com
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Carrs Group (CARR)