Carpetright looking forward to a good year ahead with 68 pct rise

CarpetrightCarpetright, which is known to be the Britain's biggest floor coverings retailer has come up with an inclined 68 percent points profit in the full-year but simultaneously expressed that the group was planning for the consumer demand across the Europe to remain cowed in the year 2010-11.

According to the Chairman and Chief Executive Philip Harris on Tuesday, voiced that they are looking forward, and expects the consumer environment to stay thorny and have adapted to their plans accordingly.

The firm, traded for approximately 586 stores in the UK and Ireland and 117 in the Netherlands and Belgium, and expressed on Tuesday that it crafted an essential pretax profit of 28.2 million pounds in the year to May 1.

The figures once compared with that of an analysts' consensus forecast of 30.1 million pounds, is up from 17.2 million pounds in 2008-09. However, it is less than half the 62.1 million pounds made in 2007-08.

Carpetright further expressed that the revenue inclined by 7.0 percent to 516.6 million pounds.

The firm, ended the year with a net debt of 71.3 million pounds, and is expected to double its dividend payment to 16.0 pence.