Last checked at 9 Jan 2009 11:31
| For Immediate Release | 9 January 2009 |
CHURCHILL CHINA PLC
TRADING UPDATE
The Board of Churchill China plc wishes to update the market in respect of trading in the year to 31 December 2008.
We are pleased to report that our business has performed well against a background of harsh trading conditions in both UK and Export markets. As a result we expect to report profit before taxation for the year of not less than £3.3m. Our balance sheet remains strong with over £7m of net cash and as such we intend to maintain our final dividend for 2008 in line with historic levels. A robust operational and financial base to will continue to be a priority for our business.
At present we have limited visibility for 2009 and likely levels of demand are uncertain, although it is prudent to expect that it will be a more difficult year. We will provide a further update with our preliminary results announcement in April.
For further information, please contact:
| Churchill China plc | |
| Andrew Roper/David Taylor | Tel No: 01782 577566 |
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| Buchanan Communications | Tel No: 020 7466 5000 |
| Tim Anderson/Lisa Baderoon | |
| | |
| Brewin Dolphin Investment Banking | Tel No: 0845 270 8610 |
| Andrew Emmott | |