Member Article

£16.6 million pre-tax profit for Carlisle’s Carr’s Milling Industries

Cumbria’s Carr’s Milling Industries has reported that although revenue is down, however pretax profits are reportedly up on the previous year.

Carr’s reported a 8.4% decrease in revenue to £429 million versus £468.1 million in 2013. However the company is enjoying an increase of 7.8% in their pre-tax profit.

Carr’s Milling Industries provides industrial services focused on the agriculture, food and engineering sectors.

The group offers a range of services including the manufacturing and supply of flour, remote handling equipment, farm machinery, feed blocks for livestock, and a UK network of rural stores.

The profits have been attributed to a strong performance across all sectors of the business driven by benefits from research and development and the strategic investments the board has made.

Chairman, Chris Holmes, said “We have delivered another record year of pre-tax profit, building on successes of recent years.

“Overall, we have made a good start to the current financial year and the Board will continue to look at how best to maintain growth and achieve optimal returns for our shareholders.

“We remain confident for the full year and excited about the long-term growth opportunities for the business.”

This was posted in Bdaily's Members' News section by Sophia Taha .