Victorian Plumbing’s revenue dips in the first half
Victorian Plumbing’s revenue dipped in the first half, as customers moved to order comparatively cheaper own-brand items amid rises in the cost of living. The FTSE-listed group turnover fell 1 per cent year on year to £144.6m for the six months ending March 31, despite total orders growing by 2 per cent.
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00:00Hello, my name is Greg Wright, and I'm the Deputy Business Editor of the Yorkshire Post.
00:06Here are your business headlines for this morning.
00:10Victorian plumbing's revenue dipped in the first half of the year, as customers moved
00:14to order comparatively cheaper own-brand items amid rises in the cost of living.
00:22The group's turnover fell by 1% year-on-year, to £144.6 million for six months ending March
00:3031st, despite total orders growing by 2%.
00:36The shift to own-brand products, combined with reduced shipping costs, helped Victorian
00:41plumbing widen its profits by 8%.
00:44So an update this morning from Victorian plumbing, which has revealed its revenue dipped in the
00:49first half.
00:51My name's Greg Wright, and I'm the Deputy Business Editor of the Yorkshire Post.