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Trading statements

Topps Tiles sees profits at low end of expectations

04 October 2017 07:18

Topps Tiles has warned that it expects adjusted pre-tax profits for the full year to come in at the lower end of the current range of market expectations.

"Whilst we have seen a moderate improvement in trading in our final quarter, market conditions remain challenging," the company said.

Full-year revenue is expected to be in the region of £211.6m, marking a 1.6% fall from the £215.0m booked in the previous year.

Like-for-like revenue decreased 2.9% on the prior year, Topps Tiles said, while like-for-like revenue in the fourth quarter decreased by 3.0%. Story provided by StockMarketWire.com

Related Company: TPT

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