28th Apr 2015 06:52
LONDON (Alliance News) - Victoria PLC, the carpets and floor-covering company, Tuesday said it expects its pretax profit before exceptional items to be ahead of market expectations in its recently ended financial year.
The group said its performance in the year ended March 28 benefited from operational synergies resulting from recent acquisitions, which started to help gross profit margins and overheads in the last quarter of the year.
The first few weeks of the new financial year have also started well, according to Victoria, and this is expected to continue throughout the year.
The company said it has agreed a new multi-currency revolving bank facility with Barclays and HSBC, providing "substantial headroom for future growth".
By Karolina Kaminska; [email protected] @KarolinaAllNews
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