3rd Feb 2025 10:25
(Alliance News) - Churchill China PLC on Monday backed its full-year outlook despite a "challenging" trading environment.
The Stoke-on-Trent, England-based ceramic products manufacturer expects to report pretax profit in line with the market's expectations for GBP8.5 million in the year ended December 31.
Churchill China said that trading in the final two months of the year met the company's expectations and that there is no change to the guidance issued in November.
Shares in Churchill China were 8.0% lower at 566.00 pence each in London on Monday morning,
Chair Robin Williams said: "Despite the challenging environment facing the company we have taken appropriate actions and are still confident in the long-term future of the business. We continue to improve productivity and yield in the factory and the company is still well positioned."
Churchill China expects to release its results for the year ended December 31 in April.
By Jeremy Cutler, Alliance News reporter
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