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Cost cuts help revenues at Norcros
British shower and tile maker Norcros said its full-year profit tripled helped by demand for new products and cost cuts. Adjusted pre-tax profit for the year ended 31 March was £10.2m, compared with £3.4m in the year-ago period and revenue rose 15.6 per cent to £196.1m. Norcros said it would pay a final dividend of 0.24p per share. Its shares have gained 24 per cent in the last three months.