LONDON (Thomson Financial) - United Carpets Group Plc. said its full year
pretax profit rose 46.8 percent and is cautiously optimistic of delivering
satisfactory growth in the coming year.
Pretax profit for the year to March came in at 1.511 million pounds and
revenues were 8.3 percent higher at 21.17 million pounds.
Underlying profit before tax and exceptions rose 20.8 percent to 1.731
million pounds, while like-for-like sales across the whole of the network were
up 9.1 percent year-on-year.
United carpets board recommended a final dividend of 0.55 pence per share,
up from 0.25 pence a year ago, bringing the total dividend for the year to
0.825p per share, from 0.75 the previous year.
The company added that its significant cash reserves will help it face the
increasingly difficult trading environment in the year ahead.
Trading has continued to be positive in the first 16 weeks to July 17, with
like-for-like sales up 7.9 percent, against a period of strong comparatives.
The company also said that since the year-end it has opened three new
corporate stores, taken back five poor performing franchised stores and
successfully re-franchised 6 stores.
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