7th Jan 2019 09:26
LONDON (Alliance News) - Churchill China PLC shares rose Monday after the pottery manufacturer said its operating performance in 2018 will be ahead of current market expectations.
Shares in Churchill China were up 14% at 1,068.00 pence each.
The ceramics maker said it made "substantial progress" in its strategic objectives during the year and made a "strong" finish to 2018.
Churchill China said revenue growth in its export markets "remained strong" with its UK performance improving in the second half.
The company said its preliminary results for 2018 are due on March 27.
For the six months ended June 30, 2018, Churchill China's pretax profit widened 22% to GBP3.3 million from GBP2.7 million the year prior, as revenue rose 5.8% to GBP27.3 million from GBP25.8 million the before.
In the full-year 2017, the company recorded pretax profit of GBP7.8 million on revenu of GBP53.5 million.
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