Increase in half-year profits for Carrs

Increase in half-year profits
Increase in half-year profits

Carrs Group, which runs the flour mill in Kirkcaldy, has posted an increase in half-year profits this week.

The firm revealed a record first-half of the year performance in which pre-tax profits climbed 5.4 per cent to £10.6 million.

he new Kirkcaldy mill continues to exceed initial expectations through improved operational efficiencies and an uplift in volumes.

Carrs Group

The improvement in profits came despite a 2.8 per cent fall in revenues within the business to £208.6 million.

Carr’s said all three of its mills, including the one here in Kirkcaldy, had delivered an “excellent performance” during the period and sales volumes were higher than a year earlier.

However, it said revenues were lower overall because of weak commodity prices.

In a statement, the company said: “The 2014 UK wheat harvest was large. However, bread making quality of home grown wheat was disappointing as a result of the below-average protein levels.

“Once again, the flexibility provided by the portside locations of our two northern mills has meant we have been able to source consistently good quality wheat from both the UK and overseas.

“The new Kirkcaldy mill continues to exceed initial expectations through improved operational efficiencies and an uplift in volumes.

“Our ability to produce the highest quality flour, coupled with our continuing high levels of customer service, has led to growing customer confidence and satisfaction.”