Topps Tiles predicts £13m profit

Pre-tax profit at Topps Tiles will be roughly £13m, it predicted in its pre-close report yesterday, in line with analysts’ consensus. Revenues at the firm grew from £175.5m in 2011, to £177m, the report said. This growth reflected a slowdown in the pace of decline in like-for-like sales – which shrunk two per cent to 2011, but only one per cent in the year to 2012.