The bathroom supplies group behind the Triton and Johnson Tiles brands has hailed its recovery from the Covid-19 pandemic which including its profits increasing.
Shower and tiles maker Norcros has reported pre-tax profits of £30.6m for the 12 months to March 31, 2021, up from £28.8m, while its operating profits also increased from £32.3m to £33.8m.
The Wilmslow-based firm's revenue dripped from £342m to £324m over the same period.
In the UK, the group's brands also include Merlyn, Vado, Croydex, Abode and Norcros Adhesives. Its South Africa brands are Tile Africa, Johnson Tiles South Africa, TAL and House of Plumbing.
Acting chairman David McKeith said: "Norcros has recovered very strongly from a period of unprecedented global disruption and uncertainty caused by the Covid-19 pandemic.
"The resilience of the group's business model and strategy is proving to be highly effective; this was particularly evident in the last financial year as we outperformed the market in the most unpredictable trading environment we have ever experienced.
"The board is confident that this outperformance can be sustained."
In a separate announcement, the company confirmed that chief financial officer Shaun Smith is to step down at the end of July.
Mr Smith will remain an employee during the handover period to his successor James Eyre and his retirement will take effect at the end of the year.
Chief executive Nick Kelsall said: "We have accepted Shaun's decision to retire with considerable regret and I would like to put on record the board's appreciation of his valued contribution as CFO of Norcros since 2016.
"We are delighted to promote James Eyre as our new CFO who I know will provide both strong continuity and financial stewardship given his experience and deep knowledge of our group.
"I wish James every success in his new role and Shaun best wishes for the future."
