Victorian Plumbing Group Plc (GB:VIC) has released an update.
Victorian Plumbing Group PLC reported a resilient half-year performance for the period ending March 31, 2024, with a slight revenue decrease of 1% to £144.6 million but significant growth in adjusted profits before tax (PBT) by 40% to £11.5 million and a gross profit rise of 8%. Despite a subdued trading environment, the company achieved its highest gross margin since listing and an interim dividend increase of 16%. The acquisition of Victoria Plum and investment in a new distribution center mark strategic milestones aimed at bolstering long-term growth.
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