Profit down at carpet manufacturer

Carpet designer and manufacturer Burmatex has reported a slight growth in sales.

According to its latest filed accounts for the year ended 31 December 2024, total sales rose 0.4% to £21.2m from £21.1m in 2023.

UK sales were up 0.6% to £16.3m from £16.2m, while export revenues remained flat at £4.8m.

Burmatex, part of the AIREA Floor Coverings Group, recorded a pre-tax profit of £683,000, down from £1.7m against the previous year.

Stated within its report, the company said that operating return on sales was 4.1%, down from 8.7%, while working capital to sales percentage was 58.9% compared to 21.5% year-on-year.

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