UK's Carpetright Issues Profit Warning

London, England, March 28, 2014 -- Carpetright has issued its third profits warning in six months.

Carpetright has seen no benefit from rising mortgage approvals.

It said annual pre-tax profits would be £3.5-£5.5 million, far lower than the £7-8 million it estimated in January.

                                                                                                                                                                                                                                                                                                                                                   
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