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Annual Results

Carr's earnings up

09 November 2015 07:38

Carr's posts pre-tax profits of £17.5m for the year to 29 August - 5.5% up on last time.

Revenue was down 4.1% at £411.6m primarily due to low commodity prices but EBITDA rose by 6.0% to £21.6m.

Basic EPS was up 4.7% to 13.4p (2014 restated: 12.8p) and adjusted EPS rose by 3.8% to 13.6p.

The proposed final dividend of 1.85p is up 8.8% resulting in a total for the year of 3.7p (2014 restated: 3.4p).

Chairman Chris Holmes said: "I am pleased to report that the Group achieved another record year of profit before tax, despite a number of headwinds across all of our divisions. We have been able to achieve this due to the diversity of our business and the resilience of our business model, together with the hard work of our management team and all of our employees. While we expect these headwinds to continue in 2016, we are in a very strong position to handle those challenges and capitalise on any potential opportunities."

Story provided by StockMarketWire.com

Related Company: CARR

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