Carrs profits drop to 883,000

29 April 1998

Carrs profits drop to £883,000

CARRS Milling reported interim pre-tax profits down from £1.81 million to £883,000. The decline was attributed to a combination of a mild winter, an early spring and the strength of sterling.

Chairman David Newton warned the board could not “predict with certainty a profit in the second half”.

• Financial Times 29/04/98 page 26