LONDON (Alliance News) - Portmeirion Group PLC's performance has been in line with market expectations, Non-Executive Chairman Dick Steele said Tuesday, but sales to South Korea have been weaker.
"I am pleased to report that our performance is in line with market expectations. Sales for the four months to the end of April, using a like for like US dollar exchange rate, were nearly 10% above the corresponding period last year. Although sales to South Korea have been weaker during this period, other markets have performed well," Steele said at the company's annual meeting of shareholders.
"Demand for our UK made product continues to grow and our new kiln project is proceeding according to plan with commissioning scheduled for the final quarter of this year. Our order book is strong and we remain positive about the outlook for the full year," Steele added.
Portmeirion shares were up 1.5% at 946.00 pence on Tuesday.
By Samuel Agini; samagini@alliancenews.com; @samuelagini
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Portmeirion (PMP)