12 November 2012 – final results
An excellent set of figures from Carr’s Milling Industries is a positive start to the week. Revenue was up 8.2% to £404.1m (2011: £373.3m) and profit before taxation was up 30.5% to £13.1m (2011: £10.0m). Adjusted earnings per share were up 14.8% to 101.5p (2011: 88.4p). A final dividend of 14.5p takes the total for the period to 29.0p (2011: 26.0p). Despite investment of £8.9m during the period net debt was just £2.5m at the period end. We are enthused by these results and rank the shares as a BUY.