LONDON, Aug 13 (Reuters) - British tile retailer Topps Tiles
said on Thursday trading had been strong in recent weeks
and forecast "modest" pretax profit for its 2019-20 year.
It said like-for-like retail revenue grew 15.5% year-on-year
in the first six weeks of its final quarter, with do-it-yourself
(DIY) activity increasing sharply and trade customer business
recovering steadily from April lows.
"Our retail performance over the last six weeks, combined
with an order bay which is significantly ahead of the prior
year, means that the board now expects that the group will
generate a modest level of adjusted profit before tax for the 52
weeks ended 26 September," it said.
(Reporting by James Davey, Editing by Paul Sandle)