United Carpets Group PLC reported unaudited consolidated earnings results for the full year ended March 31, 2018. For the year, revenue was £21,721,000 against £21,192,000 a year ago. Operating profit was £1,519,000 against £1,519,000 a year ago. Profit before tax was £1,524,000 against £1,527,000 a year ago. Profit for the year was £1,282,000 against £1,284,000 a year ago. Diluted earnings per share were 1.57 pence against 1.57 pence a year ago. Net cash flows from operating activities were £1,946,000 against £1,751,000 a year ago. Acquisition of property, plant and equipment was £624,000 against £437,000 a year ago.

The company expected that the first half of the current financial year is expected to be very challenging and the Board do not anticipate the first half profit levels of the previous year to be achieved.