In full-year results to end March 31, Uniq said that the slide in profits to £5.8m from £12.8m the year before, was due to a poor UK performance.
Uniq is also still without a chief executive following the departure of Bill Ronald in March this year. An announcement about succession in the executive leadership role would be made in due course, the group said.
Uniq chairman, Nigel Stapleton, also revealed that a strategy and a significant shift in management style adopted by the group at the beginning of the year would help improve UK business.
Although the strategy would not immediately affect financial performance, Stapleton said, an improvement is expected by the second half of the year.
Despite this, Uniq said that performance in Europe had been good with operating profits up 60% in Northern Europe and 18% in Southern Europe.
Late last year Uniq was the subject of takeover talks but discussions were terminated after proposals were not agreed.