Profits jump at buoyant Topps Tiles
Date added:
25/11/2014
TOPPS Tiles has increased its full-year dividend after achieving a 57% increase in pre-tax profits. In the year to the end of September the retail chain made a profit of £16.7m, up from £10.6m, on sales of £195.2m, up 10%. Like-for-like sales were up 8.1% and since the year end like-for-like sales have grown by 6.7%. The Handforth-based retailer which trades from 336 stores nationwide increased its market share by 2% to 30.3% and pushed gross margins to 61%. The final dividend has been increased by 50% to 2.25p.Chi.....
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