Member Article

Topps Tiles revenues up 1.6%

Topps Tiles have posted like-for-like revenue rises of 1.6% for the 13 weeks ending 29th December in comparison with a 4.2% drop in the same period in 2011.

The Leicester-based company reported a set of strong results for the final six weeks of the period, and said trading had matched up to its expectations for the first quarter.

Shares dropped by 0.9% to 53.75 pence after this update was made public, and Topps said it would release a trading update in March.

In a statement released on its website, Topps said: “There have been no significant or unexpected changes in the financial position of the Group since the publication of the Annual Financial Report for the 52 weeks ended 29 September 2012.”

This was posted in Bdaily's Members' News section by Miranda Dobson .