AGM Trading Update

 

TIDMCHH 
 
RNS Number : 1479M 
Churchill China PLC 
19 May 2010 
 

                              Churchill China plc 
                               AGM Trading Update 
                                  19 May 2010 
 
 
At the Company's Annual General Meeting today, Jonathan Sparey, Chairman, will 
make the following statement: 
 
"I am pleased to report that in the period since our Preliminary Results 
Statement on 25 March 2010, overall trading performance in the four months to 
the end of April 2010 has continued to show solid progress against the 
comparative period last year. 
 
Hospitality revenues continue to strengthen with the steadily improving trend 
since last September noted at the time of our Preliminary Results announcement, 
being maintained into April. We continue to make ground in the UK where a 
refreshed approach to our core market is generating encouraging levels of 
additional sales. We have also improved our position across the majority of our 
export markets. 
 
Consolidated revenues in our Retail division have declined somewhat in the first 
four months of the year as a strong sales performance in lower margin volume 
channels last year has not been repeated in 2010. However, we continue to make 
progress against our target of improving the quality of our earnings through 
increasing sales to middle market customers in the UK and abroad. 
 
Our major goal for 2010 is to improve our profitability, despite the backdrop of 
continued economic and market uncertainty, by focusing our resources and effort 
on the sectors of our business which generate the highest returns. I am pleased 
that in the period to date we are making good progress against this objective." 
 
Ends. 
 
 
 
For further information, please contact: 
 
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| Churchill China plc                    |       Tel No: 01782 577566 | 
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| Andrew Roper / David Taylor            |                            | 
|                                        |                            | 
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|                                        |                            | 
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| Buchanan Communications                |      Tel No: 020 7466 5000 | 
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| Tim Anderson / Lisa Baderoon / Stasa   |                            | 
| Filiplic                               |                            | 
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|                                        |                            | 
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| Brewin Dolphin Investment Banking      |      Tel No: 0845 270 8610 | 
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| Andrew Emmott                          |                            | 
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This information is provided by RNS 
            The company news service from the London Stock Exchange 
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