Topps Tiles Regulatory News (TPT)

23 Mar 2005 11:37

Topps Tiles PLC23 March 2005 Topps Tiles Interim Pre Close Trading Update Topps Tiles, the UK's biggest ceramic tile and wood flooring specialist ispleased to announced that overall turnover for the 26 week period ended 2 April2005 is expected to be in the region of £87 million, with like for like salesfor the same period expected to be an increase of 8%. However in the last fourweeks we have experienced very tough trading with like-for-like sales for thesefour weeks alone running at between 2-3% below the same period last year. Operational profit before tax is expected to be approximately £19.5 million. Inaddition, there is an exceptional profit on property disposals of £1.5 millionto give a 26 week total profit before tax in the region of £21 million, anapproximate increase of 35% on last years 27 week comparative. The Board expects to announce its interim results for the 26 week period to 2April 2005 on Tuesday 24 May 2005. Enquiries: Ann-marie Wilkinson/Sarah LandgrebeBell Pottinger Corporate & Financial 0207 861 3232 This information is provided by RNS The company news service from the London Stock Exchange