UK’s Topps Tiles Profiting from Remodeling Boom

London, England, Sept. 28, 2012 — Topps Tiles is profiting from a boom in remodeling as the housing market slump is keeping people from selling their homes.

Topps said it expects annual earnings expected to rise by two-thirds.

The group said yesterday it expected to see pre-tax profit rise to $21.2 million in the year to September 29, compared to $12.8 million the previous year.

CEO Matthew Williams said customers were buying more profitable products.