19th Jul 2022 12:16
Victoria PLC - Worcestershire, England-based flooring manufacturer - Pretax loss widens to GBP12.4 million in the year which ended April 2, from GBP7.5 million the year before, as other operating expenses jump 67% to GBP270.8 million from GBP162.2 million. Revenue rises 54% to GBP1.02 billion from GBP662.3 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%
By Abby Amoakuh; [email protected]
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