Victoria PLC (AIM:VCP) – we fear this one is bound to end in tears
Headline results for the year showed revenue climbing from £128m from £71m, however this was largely due to the acquisitions of Abingdon Flooring group and Whitestone Weavers. Excluding acquisitions UK revenue grew a modest 1.5% and Australia was flat. Profit before tax and exceptional items was £6.97m and underlying profit before tax was £7.46m. Exceptional items included a non-cash charge of £7.55m relating to Contract for Differences entered between the Company and Executive Chairman…
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