StockMarketWire.com - Topps Tiles has improved its FY pretax profit to GBP17m, from GBP16.7m. Revenue was up to GBP212.2m, from GBP195.2m.

Its final dividend was 2.25p a share, taking the total to 3p, from 2.25p.

The group, which was now trading from 346 stores, said in the first eight weeks of the new FY like-for-like revenues were up 3.3%, against 5.8%.

CEO Matthew Williams commented on the results:

"Topps delivered a strong performance for the year, with our focus on convenience, inspiration and range driving sales to a new record and enabling us to hit our strategic goal of a one third share of the domestic tile market a year ahead of schedule," he said.

"Our strategy of 'Out-Specialising the Specialists' continues to be very effective and will remain at the heart of what we do as we seek to build on these foundations and target further profitable sales growth.

"We have made an encouraging start to the new financial year, with like for likes sales in the first eight weeks ahead by 3.3%, in line with our expectations. The Group has entered the period in good shape and with a clear purpose, and we remain energised by the multiple growth opportunities open to the business in the years ahead." Story provided by StockMarketWire.com