Carpetright plc reported consolidated earnings results for the year ended April 26, 2014. For the year, the company reported loss attributable to equity shareholders of the company of £3.6 million or 5.3 pence per diluted share compared to profit attributable to equity shareholders of the company of £6.6 million or 9.8 pence per diluted share reported in the same period last year. Operating loss was £4.9 million against £3.4 million reported last year. Loss before tax was £7.2 million against £5.1 million reported last year. Net capital expenditure was £10.2 million against £6.6 million reported last year. Net cash generated from operating activities was £9.2 million against £14.6 million reported last year. Underlying operating profit was £6.9 million against £11.4 million reported last year. Underlying profit before tax was £4.6 million against £9.7 million reported last year. Underlying earnings per share was 4.7 pence against 9.6 pence reported last year. The group's net debt at 26 April 2014 was £11.1 million, an increase of £0.9 million on the prior year end position of £10.2 million.  This increase was driven by the underlying operating profit performance being offset by a £4.9 million cash outflow related to provisions, £0.9 million contributions to closed defined benefit pension schemes and a £8.1 million increase in working capital.

The company has confirmed Wilf Walsh will join as CEO on 21 July 2014.