Carrs Group announce a first interim dividend of 1.175 pence per ordinary share will be paid on 19 June 2023 to shareholders on the register on 12 May 2023. The ex-dividend date will be 11 May 2023.
Other financial highlights include:
Revenue increased 24% on prior year, reflecting raw material cost recovery in Speciality Agriculture division
H1 profits impacted by volumes in Speciality Agriculture and contract timing in Engineering
Record Engineering order book of £57 million at 28 April, up by 30% from start of the period
Phasing in engineering work will be favourable in H2, with strong profit generation in the division expected
Net cash position following receipt of £24 million on completion of disposal of Agricultural Supplies division