Home / Knowledge / News / Textiles / Carpet maker Victoria expects profits before tax to rise
Carpet maker Victoria expects profits before tax to rise
17
Apr '14
The Victoria PLC Board is pleased to announce that the Group's profits before tax and exceptional items are likely to be ahead of market expectations for the full year to 29 March 2014, as a result of continued improvements in like-for-like group profitability and including the impact of the acquisition of the Globesign group.

The BoD is also pleased to report that the inclusion of the Globesign group from 13 December 2013 is on target for producing the benefits as contained in the Circular, dated 26 November 2013, in connection with the acquisition of that group.

As comparators to the information disclosed in the Admission document dated 26 November 2013, Globesign's turnover for their 12 months to 1 March 2014 was £18.7m, and their estimated profit before tax, based on unaudited management accounts for that period was £4.5m.

However these are extracts of the Globesign's group performance for the 13 months to 29 March 2014, of which the Group's share will be from 13 December 2013 only.

Victoria PLC was originally founded in 1895 from one small factory weaving tapestry carpets in Victoria Road, Kirkcaldy, Scotland.

Today Victoria PLC, with its head offices now in Kidderminster, Worcestershire, is a successful and well-established international manufacturer and distributor of contemporary carpets and floor coverings through its operations in the UK, Australia and Canada.

Victoria plc


Must ReadView All

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Mandeep Nagi
Shades of India

Women value something that is unique and has a flavour of India

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

August 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search