Topps Tiles (LON:TPT) shares rose over 4 percent on Tuesday morning, despite pre-tax profit dropping by over 30 percent in the first half.
Severe weather across February and March kept customers away from stores, and combined with rising input and marketing costs, pre-tax profit fell by 33 percent over the period.
However, revenue increased 3.7 percent to £110.5 million, and like-for-like sales grew by 0.6 percent. Growth in the first quarter was strong with sales up 3.4 percent, but it was offset by a 2.2 percent fall in the second quarter.
Its dividend remained steady at 1.1p per share.
“While we are retaining a cautious view of market conditions for the remainder of the year, we remain confident in our ability to continue to extend our market leading position,” Topps Tiles said.
Shares in Topps Tiles rose 4.35 percent at 72.00 (0932GMT).
