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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
China Food Co. | LSE:CFC | London | Ordinary Share | GB00B290WV95 | ORD 4P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.50 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMCFC
RNS Number : 6778D
China Food Company PLC
01 May 2013
Press Release 1 May 2013
China Food Company Plc
("China Food" the "Company" or the "Group")
Trading Update and
Notice of Preliminary Results
China Food Company plc (AIM:CFC), the leading Chinese manufacturer of cooking and dipping sauces, today gives the following update on trading ahead of its Preliminary Results for the year ended 31 December 2012, which will be announced on Tuesday 21 May 2013.
Since the last trading update, the Board is pleased to confirm that revenues during Chinese New Year, an important trading period for the Group, were in line with management expectations.
The Group has been working to put a structure in place to enable it to move funds out of China, and is pleased to report that this has now been successfully completed with the first receipt of funds to the Singapore holding company in April 2013 to cover a small amount of internal expenses.
The Board confirms that the Group continues to seek a buyer for its animal feed business, and will update the market on this as appropriate. The feed business is now operating from its new factory and will make a positive contribution to the Group. The Board anticipates that the operational cash flow from the feed business will exceed the interest payable on the Group's loan stock. Once the feed business has been sold, the anticipated proceeds will be used to repay the outstanding loan stock.
Notice of Preliminary Results
China Food will announce its Preliminary Results for the year ended 31 December 2012 on Tuesday 21 May 2013.
An analyst presentation will take place at 9.30 a.m. on Tuesday 21 May 2013 at the offices of Abchurch Communications, 16(th) Floor, 125 Old Broad Street, London, EC2N 1AR.
- Ends-
For further information:
China Food Company Plc John McLean, Chairman Tel: +44 (0) 7768 031 454 www.chinafoodcompany.com Numis (Joint Broker) David Poutney - Head of Corporate Tel: +44 (0) 20 7260 Broking 1000 finnCap (Nomad and Joint Broker) Geoff Nash / Ben Thompson (Corporate Tel: +44 (0) 20 7220 Finance) 0500 Simon Starr (Broking)
Media enquiries:
Abchurch Communications Henry Harrison-Topham / Joanne Shears Tel: +44 (0) 20 7398 7709 henry.ht@abchurch-group.com www.abchurch-group.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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