23 November 2020 - final results

We last tipped shares in the agricultural and engineering group Carr’s back in July at 113p.  At the time we commented that trading had held up well during the pandemic with demand from farmers proving resilient as one would expect. Today’s announcement of the annual results to 29 August 2020 has confirmed this, with revenues for the year down just 2% at £396m with adjusted pre-tax profits down 17.4% at £14.9m.  Adjusted earnings per share were down 18.5% at 11.9p although the dividend was maintained at 4.75p . . .

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