An animal feed and milling specialist based in Carlisle has posted interim profits ahead of expectations.
Carrs Milling, which runs fertiliser manufacturing and fuel operations in Scotland, announced today that it has garnered a pre-tax profit of £5.3 million for the 26 weeks leading up to February 2010.
With regards to the period, chief executive Chris Holmes said the group had performed ahead of the board’s expectations.
"The interim results principally reflect a stronger performance in our Agriculture Manufacturing segment, as anticipated in the preliminary announcement of 9 November 2009," he commented.
He said that the statistics placed the firm well on-track for an improved result in the current financial year, which ends on August 28th for the company, compared to the previous year.
In addition, Mr Holmes revealed that despite the turbulent market, sales of fertilisers and feed blocks have performed well, as "agriculture continues to trade satisfactorily".
Meanwhile, Cambridge-based Camgrain, the UK’s largest farmer-owned central storage business, has been forced to develop an additional grain handling facility to cope with the demand for grain storage, according to the Financial Times.
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