United Carpets in profit boost

United Carpets yesterday reported an increase in profit for fiscal 2011, but said it remains cautious about the remainder of the year. In preliminary results for the year to 31 March, the company said its profit before tax increased 13.2 per cent to £1.24m from £1.1m last year. Excluding exceptional items, pre-tax profit was £1.48m, up from £1.46m a year ago. On a per share basis, earnings increased 16.7 per cent to 0.97p from 0.84p in the previous year.