UK Distributor Headlam Sees Profits Fall

London, England, March 19, 2010--Carpet and commercial flooring distributor Headlam Group saw its profits decline in 2009, noting that tough market conditions in the UK had improved but were still challenging.

The company posted full-year pretax profit of 22 million pounds ($33.43 million) on Friday, down from 40.1 million in 2008, on revenue that fell 4 percent to 533.8 million pounds.

Headlam, which is based in the UK but also has operations elsewhere in Europe, said sales improved in the second half of 2009.

"Following a more positive end to 2009, we are optimistic about a return to growth in 2010," said CEO Tony Brewer in a press release.