Profits push Carr's to pay three dividends

CARR'S Milling Industries, the animal feed and agricultural machinery group, yesterday announced interim profits ahead of its expectations and said it plans to start paying dividends three times a year to investors.

The Carlisle-based company, which owns fertiliser manufacturing and fuel operations in Scotland, said the increase in dividend frequency would improve cashflow for its shareholders and smooth out the level of payments.

The company saw pre-tax profits of 5.3 million for the 26 weeks to February, unchanged from last year.