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Churchill China PLC - Stoke-On-Trent, England-based ceramic products maker - Posts a surge in pretax profit to GBP3.9 million in the six months to June 30 from GBP977,000 a year earlier, as revenue jumps by 73% to GBP41.4 million from GBP23.9 million. Revenue increase is as a result of "market share gain and in comparison to a year where the first quarter was affected by Covid restrictions" the company explains. Operating profit rises by to GBP3.5 million from GBP1.0 million.
Chair Alan McWalter says:"We are pleased to report a sound revenue and profit performance in the first half of the year and that we are well positioned to continue to grow in line with our established strategy."
Churchill declares an interim dividend of 10.5 pence per share, up 57% from 6.7p a year prior. Looking ahead, Churchill China anticipates improved year-on-year performance in 2022.
Current stock price: 1,215.00 pence, up 3.9%
12-month change: down 39%
By Xindi Wei; xindiwei@alliancenews.com
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