Wood flooring firm unveils results
28th October 2009
The manufacturer has revealed its financial results for the third quarter of the year, noting that sales were down compared to the same period in 2008.
Wood flooring net sales stood at just over $140 million (£85.38 million) - an 18 per cent decline.
However, the company stated that deflation in the cost of raw materials and lower expenditure on freight and manufacturing meant that operating income in the area actually increased - from $8.5 million last year to $11.2 million.
Overall net sales in the three-month period stood at $753 million, 19 per cent below the 2008 level of $929.6 million.
Meanwhile, figures from the Confederation of British Industry have revealed growth in carpet trading in the UK, with the sector one of those experiencing a recovery after what was described as a "difficult year".
