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Victoria Reports Loss In H1

Victoria Plc (VCP), on Tuesday reported a pre-tax loss for the first-half, compared to profit last year.

The Worcester, UK-based flooring products manufacturer and distributer's first half loss was 13.6 million pounds, compared to profit of 31.5 million last year.

Post-tax loss was 141.7 million pounds or 124.58 pence per share, compared with loss of 18.9 million pounds or 16.43 pence per share a year ago.

On an adjusted basis, loss was 7.24 pence per share.

Victoria generated revenue of 568.8 million pounds, compared to 624.6 million pounds last year.

Geoff Wilding, executive chairman of Victoria said, "We believe we have a clear path to return to mid-high teen EBITDA margins."

by RTTNews Staff Writer

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