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United Carpets "outperform"

Thursday, December 28, 2006 4:45:54 AM ET
Seymour Pierce

LONDON, December 28 (newratings.com) - Analysts at Seymour Pierce maintain their "outperform" rating on United Carpets (ticker: UZN).

In a research note published this morning, the analysts mention that the company has reported its pre-tax profits for the six months to September 30 marginally ahead of the estimates. United Carpets currently has sixty units and there is a possibility of additional openings in 2H, the analysts say. The company's strategy of reorganizing the company rather than expanding too rapidly has started to pay off, Seymour Pierce adds.