Profits and revenue fall at Topps Tiles
Profits at Leicester-based tile giant Topps Tiles have dropped by almost 2% for the half year to 1 April.
The firm revealed this morning (23 May) that adjusted profit before tax has dropped from £10.3m last year to £10.1m this year. Revenue also fell 1.3% to £106.6m.
Saying that full-year pre-tax profits looked to be at the lower end of market expectations, Topps said the sluggish performance was due to a weaker macro environment this year and a continuation of the particularly strong comparatives from the prior year when sal... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
