LONDON (Alliance News) - Churchill China PLC Thursday said its "operating performance" for the full year will be ahead of market expectations after the company managed to sustain the levels of growth achieved in the first half of 2015 in the second half of the year.
The ceramic product manufacturer and distributor did not go into detail about its "operational performance", with shareholders having to wait until March 24 when it releases its full year results to find out just how well the company has done.
When Churchill reported its first half results in August, it reported a 12% year-on-year rise in pretax profit to GBP1.6 million after revenue grew by 3% to GBP21.4 million, as its hospitality sales offset a decline in retail sales. That led the company to up its interim dividend by 10%, demonstrating its confidence moving forward at the time.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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Churchill China (CHH)