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Topps Tiles Sees Improved Interim 52-Week Revenue, Adj Pre-Tax Profit

Topps Tiles Plc. (TPT.L), a Leicester,U.K-based ceramic tiles, wood flooring, and related products distributor, on Wednesday said its interim revenue would increase from the prior year, with adjusted pre-tax income in line with estimates, for the 52-week period ending September 29, 2012.

For the period, revenue is expected to be around 177 million pounds, an increase from 175.5 million pounds in 2011. However, the company added, like-for-like revenues are expected to be lower by 1 percent from the prior year.

In addition, the company's board expects adjusted pre-tax profit for the period to be broadly in line with estimates. Analysts estimate adjusted pre-tax profit for the period in the range of 12.7 million pounds - 14.0 million pounds, with consensus of 13.1 million pounds.

The company traded positively, with revenues estimated to have increased by 3.7 percent on a like for like basis in the final quarter, said Topps in a statement.

Further, the company said it would announce results for the 52 week period on Tuesday, November 27.

Tuesday, the stock closed at 49.25 pence on the London Stock Exchange.

by RTT Staff Writer

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