Carpetright Sees Lower Revenue, Cuts Dividend

London, England, June 28, 2011 -- Carpetright, Europe's leading specialist carpet and floor covering retailer, said total revenue fell 5.8% in the year to end-April.

In addition, the company won't pay a final dividend.

Underlying profit before tax was down 40.1%.

Lord Harris, Chairman and CEO, said: "Looking forward, I see no respite from the challenging environment over the next year. That said, I remain confident the Group is well positioned to deliver future profitable sales growth once consumer demand improves."