(Alliance News) - Ceramic products manufacturer Churchill China PLC on Thursday said 2019 results will edge above market expectations after a strong second half of trading.
Churchill China said: "We have made solid progress against our targets in the second half of the year with good levels of trading in both UK and export markets. As a result the board now expects that operating performance will be slightly ahead of current market estimates."
In 2018, pretax profit widened 13% to GBP8.8 million and revenue rose 7.5% to GBP57.5 million.
The company will release annual results on March 26. Shares in Churchill China were trading 1.0% higher at 1,960.00 pence each in London on Thursday morning.
By Eric Cunha; ericcunha@alliancenews.com
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Churchill China (CHH)