Carr's recoups margin in food business

Profits for the 26 weeks ending 1 March jumped to £5.17 million, up from £3.57m in 2006. Carr's revenue increased by 46% to £162m and adjusted operating profits rose 41% to £6.43m.

Meanwhile, the company's flour milling operations saw profits climb 21% to £1.11m on revenue growth of 58% to £39.7m, due to two flour price increases and a cost reduction plan.

Carr's Milling Industries chairman Richard Inglewood said food price inflation had enabled it to recoup much of the lost margin in its food business.

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