Carr’s Group plc (GB:CARR) has released an update.
Carr’s Group PLC, an Agriculture and Engineering Group, has announced a review of its divisional structure, citing inefficiencies due to a lack of synergies between its Agriculture and Engineering Divisions. The company is exploring options to maximize shareholder value for the Engineering Division, while newly appointed management is set to optimize the Agriculture Division with transformation plans. The company’s interim financial results show a 2.0% increase in revenue to £81.4m, with the Engineering Division’s revenue up by 26.1%, contrasted by a 7.5% decrease in Agriculture revenue.
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