Carpet maker details pandemic impact; remains confident

Carpet manufacturer Ulster Carpets has reported a decline in sales and profit.

According to its latest filed accounts for the year ended 31 March 2020, total sales were down 3% to £72.2m from £74.4m in 2019.

Gross profit reduced from £32.1m to £27.9m, while pre-tax profit resulted at £956,000, down from its profit of £8.1m recorded the previous year.

Stated within its report, the company said that it was expecting a “solid year of trading” but just slightly down on the two previous “very strong years”.

However, the global Covid-19 pandemic impacted performance. That said, the retail market outlook for the UK and EU has returned “very strongly”, while the contract markets are “less certain”.

“Although we anticipate that 2021 will also be a hard year with further pandemic related headwinds, the group remains outward looking and well placed to take advantage of opportunities as they arise,” the company added.