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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Churchill China Plc | LSE:CHH | London | Ordinary Share | GB0001961035 | ORD 10P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -25.00 | -2.08% | 1,175.00 | 1,150.00 | 1,200.00 | 1,200.00 | 1,175.00 | 1,200.00 | 7,119 | 12:09:45 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Misc Homefurnishings Stores | 83.08M | 7.9M | 0.7179 | 16.37 | 129.22M |
TIDMCHH
RNS Number : 1611M
Churchill China PLC
10 January 2023
For immediate release 10 January 2023
CHURCHILL CHINA plc
("Churchill China" or the "Company")
FULL YEAR TRADING UPDATE
Churchill China plc (AIM: CHH), the manufacturer of innovative performance ceramic products serving hospitality markets worldwide, announces the following trading update for the year ended 31 December 2022.
The sound performance reported in our half year results on 13 September 2022 continued into the final months of the year. As a result the Board anticipates that profit before taxation for the year ended 31 December 2022 will be at the upper end of analyst expectations*.
Despite ongoing market uncertainty we have continued to grow revenue in export markets and our UK market position has benefited from our ability to offer a high level of service. As previously noted, margin levels remain lower than in previous years although there has been some improvement in the second half of the year as we have managed the challenges of increased material and energy costs. Our outstanding order book remains above normal levels and progress has been made in improving supply to customers towards the end of the year. The rate of incoming orders continues to be satisfactory.
We continue to build our market position for the long term and to invest in strategic initiatives aligned to market development, operational efficiency and energy management.
The Company intends to announce its Preliminary Results for the year ended 31 December 2022 in April.
* The Company compiled range of market expectations for profit before taxation for the financial year ended 31 December 2022 is GBP8.0m to GBP8.8m.
For further information, please contact:
Churchill China plc Tel: 01782 577566 David O'Connor / David Taylor / James Roper Buchanan Tel: 0207 466 5000 Mark Court / Abigail Gilchrist churchillchina@buchanan.uk.com Investec Bank plc (Nominated Adviser and Broker) David Flin / Alex Wright / William Tel: 0207 597 5970 Brinkley
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END
TSTFLFVALDIAIIV
(END) Dow Jones Newswires
January 10, 2023 02:00 ET (07:00 GMT)
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