Topps Tiles sees annual profits leap 58%
Leicestershire flooring and tile chain Topps Tiles has weathered a difficult start to the financial year and recorded profits of £12.5 million.
The Enderby-based retailer's pre-tax profits were up 58 per cent from £7.9 million the previous year.
While like-for-like sales were down 0.7 per during 2012, in the second half of the year they increased by 3.5 per cent. Group revenue increased from £177.7 million in the year to September, up from £175.5 million the previous year.
The company, which opened five new stores this year, said its success was partly down to customers increasingly doing DIY on their homes.
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