- Flooring company Victoria narrowed annual pre-tax losses after it boosted sales and its margins improved.

Pre-tax losses for the year to 3 April amounted to £7.5 million, compared to year-on-year losses of £65.6 million.

On a bottom-line basis, the company posted a net profit of £2.8 million, thanks to a tax credit.

Revenue rose 6.6% to £662.3 million and underlying pre-tax profit, which strips out one-off costs such as expenses for acquisitions, rose 4.4% to £50.1 million.

Victoria did not declare any dividends for the year.

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