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Norcros reports rising revenue
The Norcros Group, parent company of Triton Showers, Johnson Tiles and Norcros Adhesives, recently released a positive interim management statement highlighting an increase in group revenues by 16% in the 13-week period to 27th June 2010.
Its UK businesses have maintained strong performances despite the continuing tough market condition, with group revenues reflecting an increase of 11.8% in its UK operations year-on-year.
It reports that Johnson Tiles continued to perform well, benefiting from the success of its new range introductions over the last twelve months. The combination of increased retail revenues and flat trade revenues resulted in total UK revenues 1.0% higher.
Export revenues, representing c17% of Johnson Tiles’ total revenues, were 25% higher following a strong performance in the Middle East and France. Johnson Tiles’ total revenues in the period increased by 4.4%.
Norocros Adhesives’ figures were 14.3% higher than the comparable period last year, reflecting new account gains and growth in contract business.
