11 Jan 2011 07:00
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Topps Tiles Plc
The UK's largest tile and wood flooring specialist
AGM and Interim Management Statement
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At today's Annual General Meeting of Topps Tiles Plc ("The Group"), Barry Bester, Non-Executive Chairman will tell shareholders:
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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.
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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.
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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.
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Enquiries:
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Topps Tiles Plc
Barry Bester, Chairman 0161 486 2400
Matthew Williams, Chief Executive 0161 486 2400
Rob Parker, Finance Director 0161 486 2400
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Pelham Bell Pottinger
Emma Kent/Duncan Mayall 020 7861 3232
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