Topps Tiles profits sink despite record sales

// Topps Tiles half-year profits plummet despite delivering record sales
// The DIY retailer posted a 69.6% drop in pre-tax profits in the 26 weeks to 1 AprilTopps Tiles has posted record half year sales but profits have more than halved due to the “impact of inflation on operating expenses”.
While group sales were up 9.3%, pre-tax profits for the DIY retailer plummeted 69.6% to £1.7m in the 26 weeks to 1 April. When adjusted, pre-tax profit was £4.4m.
The retailer s