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Ulster Carpets 'optimistic' about future despite fall in profits by £7m

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Ulster Carpets

Ulster Carpets

Ulster Carpets

Ulster Carpets has said it’s guardedly optimistic about the future despite the Covid-19 pandemic contributing to a fall in pre-tax profits from £8.2m to just under £1m.

Revenue at the Portadown firm, one of Northern Ireland’s best-known family businesses, fell by 3% from £74.3m to £72.2m in the year to the end of March 2020.

The period includes the first few months of the global Covid-19 pandemic, which even in its early stages had hit key markets for the woven carpets company, such as hotels and cruise ships.


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