Carpetmaker Victoria on a roll after above-expectation profit forecast
Worcestershire carpet manufacturer and retailer Victoria has forecast that underlying pre-tax profits are expected to be “comfortably ahead” of expectations.
The full year update had an immediate impact on the company’s share price, with a near 8% hike in value in early trading.
The Kidderminster-based business said it had benefited from operational synergies following the integration of recent acquisitions in the UK and Australia.
These have continued to positively impact gross profit margins and overheads throughout t... 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...
