Resilient yarn

Article Abstract:

Sirdar is a textiles group from Yorkshire, England, which has seen a rise in profit following a focus on work with higher margins. The company's products include carpets and carpet tiles, and domestic sales have been strong, though exports have been affected by the strength of pound sterling. The company also produces knitting yarns for hand and machine knitting, and the benefits of restructuring are apparent in an improvement in the performance of these divisions. The company's profit is forecast at 6.2 million pounds sterling for 1999 by Dresdner Kleinwort.

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Resilient carpets here and down under

Article Abstract:

Victoria is a United Kingdom producer of carpets which has a subsidiary in Australia. The company's stock price has been affected by a market sentiment trend away from carpets. Victoria supplies John Lewis and independent stores and is protected by lack of exposure to discount retailers which should help in a consumer spending downturn. The company's profits have improved in the three years to 1998, discounting insurance proceeds from a fire, and this improvement looks set to continue.

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Victoria

Article Abstract:

Victoria has successfully cut costs, though faces challenges such as a trend away from using carpets in interior design.

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