Topps Tiles swings to profit after delivering record year of revenue
Topps Tiles has bounced back to profit after delivering a record year of revenue as the retailer unveiled plans to be “carbon balanced” by 2030.
For the 53 weeks to October 2, 2021, the retailer reported profit before tax of £14m, up from a loss of £9.8m for the same period last year.
The retailer also delivered what it called a “record year of revenue”, up 18% to £228m, with adjusted retail like-for-like sales up 20%.
Topps Tiles finished the period with adjusted net cash of £28m and underlying net cash generation of £12.5m.
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