LONDON (Alliance News) - Swallowfield PLC on Thursday said it is confident in the prospects for its full financial year after trading in the first four months to end October was in line with expectations.
The personal care and beauty products supplier said production has commenced on two major contracts which will positively impact the second half of the year, which ends June 2016, while sales of its new plastic aerosol product are performing as planned.
Its premium beauty brand Bagsy is now being rolled out across Debenhams PLC stores in time for the busy pre-Christmas shopping period, and its men's haircare range MR is now available at larger Boots stores.
"Whilst we anticipate the challenging retail market conditions in the UK and Europe will continue, we expect to maintain our positive momentum and are confident in the prospects for the year," Chairman Brendan Hynes said in a statement ahead of the company's annual general meeting on Thursday.
Shares in Swallowfield were trading up 1.6% at 195.00 pence Thursday morning.
By Karolina Kaminska; karolinakaminska@alliancenews.com @KarolinaAllNews
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