Victorian Plumbing – full-year results, how’s the “growth journey” now?
By Steve Moore | Tuesday 6 December 2022
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Online bathroom retailer Victorian Plumbing (VIC) has announced results for its year-ended 30th September 2022 emphasising “Results ahead of expectations, with H2 revenue growth as the Group demonstrates continued trading momentum and further market share gains, supported by a robust balance sheet… Board proposes maiden ordinary full year dividend of 1.1p and an additional special dividend of 1.7p”. Good news then?
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