Topps Tiles FY Adj. Profit Before Tax Declines; LFL Revenue Up 3.1%
Topps Tiles Plc (TPT.L) reported fiscal year profit before tax of 6.8 million pounds, a decline of 37.6% from last year. Earnings per share was 1.61 pence compared to 4.55 pence. Adjusted profit before tax was 12.5 million pounds, down 19.9%, reflecting the inflationary impacts on costs. Adjusted earnings per share was 4.49 pence compared to 6.14 pence.
For the 52 weeks ended 30 September 2023, Group revenue was up 6.3% to 262.7 million pounds. Like-for-like revenue growth was 3.1%, for the period.
The Board proposed a final dividend of 2.4 pence, bringing the full year dividend to 3.6 pence, in line with last year. The shares will trade ex-dividend on 21 December 2023 and, subject to approval from shareholders, the dividend will be payable on 2 February 2024.
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Original: RTT – Earnings: Topps Tiles FY Adj. Profit Before Tax Declines; LFL Revenue Up 3.1%