Cranswick Regulatory News (CWK)

9 Oct 2007 07:01

Cranswick PLC09 October 2007 Cranswick plc ("Cranswick" or "the Company") - first half trading statement The overall performance of the Company in the six months to 30 September 2007has been positive and in line with management's expectations. The salesperformance has been strong with revenue increasing by 22 per cent and mostproduct categories delivering double digit growth. This has offset additionalcosts associated with the outbreak of foot and mouth disease and start up costsof the new business at Delico. Cashflow from operating activities continues to be strong enabling significantinvestment in new production facilities without increasing borrowings. The majorspend in the period has been on the new premium bacon factory which isprogressing on target. In August the Company took its interest in CranswickGourmet Bacon Limited from 85 per cent to 100 per cent. The Company intends to announce its interim results on 19 November 2007. Enquiries: Cranswick plcMartin Davey, Chairman 01482 372080 (mobile 07775 576426)John Lindop, Finance Director 01482 372090 (mobile 07768 362592) This information is provided by RNS The company news service from the London Stock Exchange