Topps Tiles Regulatory News (TPT)

28 Sep 2005 07:01

Topps Tiles PLC28 September 2005 TOPPS TILES PLC Pre Close Trading Update Topps Tiles Plc (the "Company"), the UK's largest tile and wood flooringspecialist, announces a trading update, for the 52 weeks ending 1 October 2005,ahead of its close period. The Company achieved in the period overall sales growth of circa 12% and likefor like sales growth in the region of 3.5%, against very strong comparablesfor the prior year period. Accordingly the Board expects that the company will report profit before tax forthe period in the region of £39.3 million (including exceptional propertyprofits of £1.7million) an increase of over 16% against the prior year period. Current trading conditions remain tough with the last 8 weeks runningapproximately 4% below the same period last year on a like for like basis, setagainst very strong comparables of over 20%. The Company will announce its results for the 52 weeks ending 1 October 2005 on29 November 2005. The Company also announces that on 28 September 2005 the Company cancelled172,070 Ordinary Shares of 2.5p each, held previously as Treasury Shares.Following the cancellation of such Treasury Shares, the Company holds nilOrdinary Shares in Treasury and the total Ordinary Shares in issue is 226,059,515. Enquiries: Ann-marie Wilkinson/Sarah LandgrebeBell Pottinger Corporate & FinancialTel: 020 7861 3232 This information is provided by RNS The company news service from the London Stock Exchange