Topps Tiles Plc
The UK's largest tile and wood flooring specialist
AGM and Interim Management Statement
At today's Annual General Meeting of Topps Tiles Plc ("The Group"), Barry Bester, Non-Executive Chairman will tell shareholders:
Our trading performance across the first 13 weeks of the financial year has been positive with total revenues increasing by 1.8%, and like-for-like revenues increasing by 2.2%. We experienced some disruption during December from the extreme weather conditions and I feel the business has responded well during a testing period. Against this context I am particularly satisfied with the performance over the period as a whole.
The Group is currently trading from a total of 312 stores. As stated in the Annual Report, we are pursuing prudent expansion of the store estate and anticipate opening approximately 10 new stores during this financial year.
There have been no further significant changes in the financial position of the Group since the publication of the Annual Report and Financials Statements for the 53 weeks ended 2 October 2010.
Enquiries:
Topps Tiles Plc
Barry Bester, Chairman 0161 486 2400
Matthew Williams, Chief Executive 0161 486 2400
Rob Parker, Finance Director 0161 486 2400
Pelham Bell Pottinger
Emma Kent/Duncan Mayall 020 7861 3232
This information is provided by RNS
