Carr’s profits hit by engineering and US farming slump
Plummeting profits in engineering and a weak first-half performance in the USA farming sector have dented the results of Carlisle-based Carr’s Group.
Total underlying profit before taxation was down 20.2% to £11.4m (2016: £14.3m) for the year to September 2, as it attempted to mitigate a “challenging year” with key acquisitions.
Despite its difficulties the listed agriculture and engineering company reported a near-10% increase in revenue to £346.2m (2016: £314.9m).
However, engineering profit fell more than 74% to ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
