Victoria PLC (VCP.L), a manufacturer and distributor of flooring products, on Wednesday reported a lower loss for the first half, primarily helped by decrease in expenses.
The company posted a loss before tax of £147.9 million compared with £1678. million a year ago.
Distribution and administrative expenses declined to £209.3 million from £313.6 million in the year-ago period.
Excluding one-time items, underlying loss before tax was £15.4 million, marginally up from a loss of £13.6 million last year.
Operating loss was £44.7 million, significantly down from £140.8 million loss in the prior year, while on an underlying basis, the company recorded operating profit of £11.4 million, up from £7.7 million last year.
Loss from continuing operations was £139.4 million or 121.62p per share, compared with £141.7 million or 124.58p per share loss a year ago.
Underlying loss from continuing operations stood at £13.7 million or 3.12p per share, compared with £11.7 million or 5.01p per share loss in the prior-year period.
Revenue for the first half decreased to £529.4 million from £569.5 million in the previous year.
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