StockMarketWire.com - Flooring supplier Victoria said it expected to post another boost in margins in the current financial year.

The company said its financial performance for the year through March, 2019 would meet consensus market expectations.

Annual operating margin had risen by more than 100 basis points.

In the current year, the operating margin was expected to rise by about another 100 basis points.

Year-to-date like-for-like revenue had grown by 3%, Victoria added.

'The strategy adopted last financial year to drive top line growth, is continuing to deliver in the current calendar year,' it said.

'Importantly, the various management actions to continue to grow operating margins, which were set out in some detail in the February market announcement, have been completed as scheduled and are having the positive impact expected.'


At 8:18am: [LON:VCP] Victoria PLC share price was +12p at 533p



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