Carpetright warns on profits

The flooring market leader said that profits for the year to 30 April will be “broadly in line with the level of profits achieved in the 2009 full year,” which were £17.2m.

In its first profit warning on February 1 the company had said it would expect profits to be below 2010’s profits of £28.2m but above the 2009 level.

Carpetright said that difficult trading conditions had persisted in the UK and Ireland, “with fragile consumer confidence producing a weak floor coverings market.”