United Carpets Group plc Recommends Final Dividend, Payable on October 12, 2017; Reports Unaudited Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Sales Guidance for the Fifteen Weeks Since the Period End to July 13, 2017
July 20, 2017 at 11:30 am IST
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United Carpets Group PLC recommended final dividend of 0.275 pence per share against 0.265 pence per share paid last year, subject to approval at the Annual General Meeting, this dividend will be paid on 12 October 2017 to all shareholders on the register at the close of business on 29 September 2017. The ex-dividend date will be 28 September 2017.
The company reported unaudited consolidated earnings results for the full year ended March 31, 2017. For the year, revenue was £21,192,000 against £21,369,000 a year ago. Operating profit was £1,519,000 against £1,478,000 a year ago. Profit before tax was £1,527,000 against £1,487,000 a year ago. Profit for the year was £1,284,000 against £1,229,000 a year ago. Diluted earnings per share were 1.57 pence against 1.49 pence a year ago. Net cash flows from operating activities were £1,751,000 against £1,529,000 a year ago. Acquisition of property, plant and equipment was £437,000 against £1,216,000 a year ago.
Like for like sales for the fifteen weeks since the period end to July 13, 2017 have continued to be slightly positive, despite a significant increase in marketing activity.
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 Recommends Final Dividend, Payable on October 12, 2017; Reports Unaudited Consolidated Earnings Results for the Full Year Ended March 31, 2017; Provides Sales Guidance for the Fifteen Weeks Since the Period End to July 13, 2017
UNITED CARPETS 
