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IN BRIEF: Carr's further delays audit but expects to meet guidance

10th Feb 2023 15:35

Carr's Group PLC - Carlisle, England-based speciality agriculture and engineering group - Extends completion of statutory audit to no later than February 27. Says field work is "essentially complete", with the company and its auditor, Grant Thornton UK LLP, currently concluding a "small number" of supplementary information requests to close out routine testing. Expects to report results in line with previous guidance.

Carr's says trading in the early part of the current financial year was strong, but became more challenging in November and December. Attributed this to lower volumes of feed blocks sold in both the US and UK on weather conditions and competitive pricing for tenders in the engineering division. Expects trading for this year to meet expectations.

Current stock price: 121.62 pence, currently suspended

12 month change: down 99%

By Holly Beveridge; Alliance News reporter

Comments and questions to [email protected]

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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