|
Victoria PLC - Worcestershire, England-based flooring manufacturer - Pretax loss widens to £12.4 million in the year which ended April 2, from £7.5 million the year before, as other operating expenses jump 67% to £270.8 million from £162.2 million. Revenue rises 54% to £1.02 billion from £662.3 million. Says it traded strongly in the year, due to an improved market position, improved productivity, weaker competition and a return in commercial demand. Does not declare dividend for financial 2022, unchanged from last year. Warns of inflationary pressures, a higher corporate tax in some jurisdictions, and declining consumer confidence. Remains confident it can create wealth for shareholders.
Current stock price: 404.00 pence, down 6.5% in London on Tuesday
12-month change: down 63%
Copyright 2022 Alliance News Limited. All Rights Reserved.
|
