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Carter & Carter interim results

Carter & Carter, the learning solutions and outsourced support services provider for the automotive industry, has announced growth of 64% in turnover, with £37.9 million generated.

Profit before tax was up by 13% to £3m. The company’s average amount of students was also up by 26%.

Phil Carter, group chief executive, said: “The group has delivered strong underlying results in the first six months of the year. The acquisitions of Assa and more recently Fern have established Carter & Carter as the market leader in vocational training.

“The integration of these businesses is progressing well. We are well placed to deliver a good performance in the second half of our financial year.”

Half-year ended Jan 31, 06 Half-year ended Jan 31, 05 Growth %
Turnover (£m) 37.9 23.0 64
Underlying operating profit (£m) 6.2 4.6 32
Underlying profit before tax (£m) 4.7 2.7 76
Profit before tax (£m) 9.5 7.3 30

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