Carpetright warns on profits for the second time
In a statement made today, it said it expected pre-tax profits for the year to 30 April to be in line with those achieved in 2009, around £17.2million. In February, Carpetright had said that it expected profits to be greater than this but less than the £28.2 million achieved in 2010.
The company said, “Difficult trading conditions have persisted in the UK and Republic of Ireland, with fragile consumer confidence producing a weak floor coverings market.”
Shares dropped by 6.5% in light of the announcement when the market opened in London this morning.
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