Churchill China Share News (CHH)

Churchill China overcomes challenging year by improving efficiencies

(Alliance News) - Churchill China PLC on Wednesday said the company improved profitability in 2023, despite its core customers in the hospitality market struggling with rising costs.

UK earnings, trading statements calendar - next 7 days

IN BRIEF: Churchill China shares slump as warns weak demand to remain

Churchill China PLC - Stoke-on-Trent, England-based ceramic products' manufacturer - Says 2023 profit is in line with market forecasts, despite a "challenging" second half. Revenue for the year dipped to GBP82.1 million from GBP82.5 million in 2022. Decline in revenue offset by "improving manufacturing yields" after overcoming staffing issues. Adds that a reduction in agency staff in the fourth quarter of 2023 supported margin improvement. Looking ahead, it expects demand to "remain weak" for at least the first half of 2024, citing a "challenging" macroeconomic situation in the UK and Europe.

EARNINGS: MJ Gleeson cuts dividend, Portmeirion holds, Churchill hikes

(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Thursday and not separately reported by Alliance News:

UK earnings, trading statements calendar - next 7 days

Churchill China on track at end of first half

(Sharecast News) - Ceramics manufacturer Churchill China reported positive trading in the six months ended 30 June on Monday.

TRADING UPDATES: Beacon sees delays; Churchill China trades in line

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

IN BRIEF: Nichols scores Churchill China veteran as interim CFO

Nichols PLC - Newton Le Willows, England-based soft drinks manufacturer - Appoints David Taylor as interim chief financial officer, effective immediately. News follows previous CFO David Rattigan's resignation in late April. Financial Controller Gary Eden has been running Nichols' finance function during search for replacement. Taylor most recently was CFO and company secretary of Churchill China PLC for over 30 years, having joined in 1992 and helped lead its initial public offering in London. Nichols says he "played a major part in overall strategy and operations, contributing significantly to the company's long-term growth, development and stability." Nichols continues to search for a permanent CFO.

IN BRIEF: Churchill China sees some opposition to non-exec re-election

Churchill China PLC - Stoke-on-Trent, England-based ceramic products manufacturer - Says motion to re-elect Non-Executive Director Brendan Hynes passes at annual general meeting, though firm notes "significant vote against" resolution since he "has now served ten months over nine years". "The board will engage with shareholders who voted against to hear their views and articulate the background to Hynes' continued role. "This is predominately due to delays to board succession brought about by the pandemic, the number of recent board changes as a consequence and the need for audit committee chair continuity while a new CFO is inducted," Churchill China says.

TRADING UPDATES: Camellia expects annual revenue to top prior year

(Alliance News) - The following is a round-up of updates by London-listed companies, issued Thursday and not separately reported by Alliance News:

Churchill China performing in line as chairman steps down

(Sharecast News) - Performance ceramics specialist Churchill China said in an update on Thursday that its recent trading had been in line with expectations, particularly in export markets.

UK shareholder meetings calendar - next 7 days

Churchill China hikes dividend 76% as revenue and profit jump

(Alliance News) - Churchill China PLC on Thursday reported gains in market share and increased pricing underpinned strong growth in annual revenue and profitability.

Churchill China reports strong growth in revenue, profits

(Sharecast News) - Churchill China reported a strong financial performance and revenue growth in its final results for 2022 on Thursday, with operating profit before exceptional items rising 49% to £9.2m.

UK earnings, trading statements calendar - next 7 days