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| Topps Tiles expects profit in range of analysts Topps Tiles Plc, the UK's largest tile and wood flooring specialist, reports on trading for the 52 week period ended 27th September 2008, prior to entering its close period. Sales from like for like stores over the 8 weeks have declined by 13.1%, reflective of the tough trading conditions. Topps Tiles expects to report that overall revenue for the 52 week period will be flat year on year and will be in the region of £208 million (2007: £207.9 million), with like-for-like revenues expected to show a decline of c.5% (2007: up 4.7%). The board expects operating profit for the 52 week period to be within the range of analyst estimates. The group is now operating from 342 stores, having opened a net 21 stores during the course of this financial year. write your comments about the article :: © 2008 Construction News :: home page |