StockMarketWire.com - Flooring retailer Topps Tiles said it expected to post a full-year profit ahead of market expectations after like-for-like sales improved in its fiscal fourth quarter.

Adjusted revenue for the year through 29 September was expected to rise moderately to £215.0m, up from £211.8m on-year.

Like-for-like revenue for the year was flat, though it improved by 1.2% in the final quarter.

'Trading over the fourth quarter has seen an improvement due to a combination of the continued effectiveness of our strategy and outperformance of our market,' Topps Tiles said.

'As a result, the board now expects adjusted pre-tax profits for the year will be slightly ahead of the top end of the current range of market expectations.'

'Looking ahead, the uncertainty in the UK economic outlook means we remain cautious and will be maintaining our focus on our industry leading gross margins, tight cost control and strong underlying cash generation.' At 9:23am: [LON:TPT] Topps Tiles PLC share price was +6.85p at 69.55p



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