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United Carpets profits rise by 18.1%

United Carpets increased its pre-tax profits by 18.1% to £534,000 in the six months to 30 September.

GENERAL MERCHANDISE

United Carpets profits rise by 18.1%

However, revenue declined to £9.1 million from £10.3 million in the same period in the previous year although like-for-like sales edged up 0.3%.

United Carpets chief executive Paul Eyre said: "I am pleased to be able to report a good performance by the group. We have been helped, to some extent, by an improving housing market with slightly higher average transaction values which we believe reflects an improvement in consumer confidence.

"More recent like for like sales figures have been more positive and I believe we are well placed to deliver a good result for the year.

"We continue to benefit from our restructuring programme as we operate from a lower cost base giving the opportunity to invest in developing the business and providing the basis for the board's confidence in the future."

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