United Carpets Group PLC Declares Interim Dividend for the Six Months Ended September 30, 2016, Payable on 20 January 2017; Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016
December 16, 2016 at 12:30 pm IST
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United Carpets Group PLC's Board declared an interim dividend of 0.13 pence per share against 0.125 pence per share for the six months ended September 30, 2016 to be paid on 20 January 2017 to all shareholders on the register at the close of business on 6 January 2017. The ex-dividend date will be on 5 January 2017.
The company reported unaudited consolidated earnings results for the six months ended September 30, 2016. For the period, the company reported revenue of GBP 10,201,000 compared to GBP 10,413,000 a year ago. Operating profit was GBP 636,000 compared to GBP 583,000 a year ago. Profit before tax was GBP 640,000 compared to GBP 588,000 a year ago. Profit for the period was GBP 537,000 compared to GBP 498,000 a year ago. Diluted earnings per share were 0.65 pence compared to basic and diluted earnings per share of 0.61 pence a year ago. Net cash flows from operating activities were GBP 421,000 compared to GBP 633,000 a year ago. Acquisition of property, plant and equipment was GBP 218,000 compared to GBP 250,000 a year ago.
United Carpets Group plc is engaged in carpet and bed retailing. The Company is also involved in franchising of retail outlets. The Company's segments include Franchising and Retail, Warehousing and Property. The Franchising and Retail segment receives income from its franchise activities together with the results of its corporate stores. The Warehousing segment reflects the Company's in-house cutting operation, which services the franchised and corporate stores and a small number of third parties. The Property segment leases properties from third parties and sublets those properties to the store network. Its advice categories include caring for beds, carpet care, caring for flooring and free fitting. The Company offers a range of floor coverings, such as carpet, laminate and vinyl flooring. It offers a range of carpets, such as wool, kids, striped, patterned, berber loop, twist pile and plain. Its backing types include waffle, gel action and felt. It operates approximately 60 stores.
United Carpets Group PLC Declares Interim Dividend for the Six Months Ended September 30, 2016, Payable on 20 January 2017; Reports Unaudited Consolidated Earnings Results for the Six Months Ended September 30, 2016
UNITED CARPETS 