Business
Final Results - Dividend Date
Final Results - Dividend Date.
About this update from Fevara Plc
[{"type":"text","content":"\n RNS Number : 2281C Carr's Milling Industries PLC 09 November 2009 \n \nDIVIDEND DATES - CORRECTION:\n \nFurther to the announcement of unaudited annual results made at 07.00 this morning, the dividend record date should read 18 December 2009, with an ex-dividend date of 16 December 2009.\n \nThe corrected announcement is set out in full below:\n\n\nCARR'S MILLING INDUSTRIES PLC - ANNOUNCEMENT OF UNAUDITED ANNUAL RESULTS \n\n\"a satisfactory year, in the circumstances\"\n\n\nCarr's (CRM.L), the fully-listed agriculture, food and engineering group, announces its results for the 52 weeks to 29 August 2009. It has been a satisfactory year, given the extremely difficult backdrop in fertiliser, with many of the Group's activities at or ahead of budget.\n\nFinancial Highlights\n\n\n\nRevenue down 6% to £350.0m (2008: £372.3m) \n\n\nPre-tax profit down 45% to £7.0m (2008: £12.9m), but up 27% on 2007's £5.5m\n\n\nFully diluted earnings per share down 45% to 50.3p (2008: 91.2p)\n\n\nNet assets per share 340p (2008: 298p), assisted by a £2.6m net placing \n\n\nGearing 65% (2008: 70%), despite £4.3m cash consideration for the acquisition in March 2009 of the Walischmiller Engineering business\n\n\nDividends per share unchanged at 23.0p, including an unchanged 17.0p final \n\n\n\nCommercial Highlights\n\n\n\nRevenue from Agriculture was 8% lower at £255.0m (2008: £275.8m) and operating profit* decreased by 48% to £6.0m (2008: £11.7m). Additionally, the Group's share of post-tax profit in associate and joint ventures was down 34% at £1.1m (2008: £1.6m) \n\n\nFood increased its operating profit* by 19% to £2.3m (2008: £2.0m) on revenue 8% lower at £79.0m (2008: £85.6m)\n\n\nEngineering increased its operating profit* by 31% to £1.4m (2008: £1.1m) on revenue up 48% at £15.9m (2008: £10.7m), benefiting from the Walischmiller acquisition\n\n\n\n*before retirement benefit charge but after non-recurring items and amortisation\n\nRichard Inglewood, Chairman, stated \"In the 52 weeks to 29 August 2009, the massive increase in commodity prices and the 40% uplift in the farm-gate milk price which had helped make the prior year a tremendously successful one for Carr's were absent; indeed, both trends reversed. This particularly impacted the Group's fertiliser business, the star perform...